Bikaji Foods International Merger & Restructuring
Bikaji Foods has entered a strategic partnership with bakery expert Thayekunni Khaleel, transferring a 30% equity stake in its subsidiary, Bikaji Bakes, to him.
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Bikaji Foods has entered a strategic partnership with bakery expert Thayekunni Khaleel, transferring a 30% equity stake in its subsidiary, Bikaji Bakes, to him.
Bikaji Foods International sold a 30% stake in its subsidiary Bikaji Bakes Private Limited for ₹30,000. Following the sale, the entity remains a 70% owned subsidiary.
Bikaji Foods International will incorporate a new subsidiary, Bikaji Foods International UAE Limited, in the UAE. The company will invest ₹26 Crore in the new entity.
Bikaji Foods will incorporate a subsidiary in the UAE to optimize Middle East supply chain operations. The investment is up to AED 1 crore.
Bikaji Foods International Limited entered a 50:50 joint venture agreement with C.G. Savory Corp to form C.G. Bikaji Private Limited in Nepal for snack manufacturing.
Bikaji Foods approved a joint venture in Nepal with C.G. Savory, a ₹15 Crore investment in the venture, and a new subsidiary in Abu Dhabi.