JSA Advocates and Solicitors advised Alpha Wave Global (Alpha Wave) and International Holding Company (IHC) on securing unconditional approval from the Competition Commission of India for its acquisition of shareholding in Haldiram Snacks Food Private Limited (Haldiram), in one of the largest deals in the domestic consumer segment.
The CCI granted its unconditional approval on 24 June 2025.
Alpha Wave is a global investment company that focuses on three main verticals: private equity, private credit, and public markets. IHC is one of the world’s largest investment companies based in the UAE. Haldiram is a leading global packaged food company known for its wide range of snacks, sweets, and ready-to-eat products.
Our Competition Team, led by Vaibhav Choukse (Lead Partner), with key support from Ela Bali (Partner), Nripi Jolly (Principal Associate), Aditi Khanna (Senior Associate) and Arundhati Rajput (Associate) expertly navigated the complex regulatory landscape to secure a smooth and timely approval from the Competition Commission of India for a strategic acquisition in the packaged food sector.
Ela is a partner with JSA’s competition law practice with 10 years of experience. She represents and advises clients across different sectors on enforcement and merger control matters before the Competition Commission of India (CCI), National Company Law Appellate Tribunal (NCLAT), Delhi and Bombay High Court, and the Supreme Court of India (SC).