PepsiCo has made a late entry into the competition for a stake in Haldiram Snacks Food, executives aware of developments said. Key contenders Temasek and Alpha Wave Global, the latter also a late-stage bidder, are said to be in advanced talks with the Aggarwal family, the founders of India’s largest ethnic snacks and convenience foods maker, having made firm offers last month for a 10-15% stake. Executives from PepsiCo headquarters in New York have initiated talks directly with members of the Aggarwal family for buying a minority stake in recent weeks. However, these are still exploratory and may not lead to a formal transaction, said the people cited. The funding will also be led by the US parent. The Indian unit’s leadership is said to be playing a smaller role.