Bikaji Foods gains on getting nod to acquire 48.78% of equity share capital of PFPPL
The company has also received approval from board of directors for additional investment in Bikaji Foods International USA Corp
Bikaji Foods International is currently trading at Rs. 724.00, up by 1.85 points or 0.26 % from its previous closing of Rs. 722.15 on the BSE.
The scrip opened at Rs. 725.55 and has touched a high and low of Rs. 735.55 and Rs. 711.65 respectively. So far 15514 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 872.20 on 12-Nov-2024 and a 52 week low of Rs. 520.00 on 18-Feb-2025.
Last one week high and low of the scrip stood at Rs. 744.95 and Rs. 701.45 respectively. The current market cap of the company is Rs. 18160.45 crore.
The promoters holding in the company stood at 73.92%, while Institutions and Non-Institutions held 21.10% and 4.97% respectively.
Bikaji Foods International (BFIL) has received approval from board of directors for additional investment, by way of acquisition of 35,98,998 Equity Shares, having face value of Rs 10 each from existing shareholders, representing 48.78% of Equity Share Capital of the Petunt Food Processors (PFPPL) and upon completion of said acquisition, PFPPL shall become a wholly owned subsidiary of the Company. Subsequent to this acquisition, the shareholding of BFIL in PFPPL will be 100% and it will become the wholly owned subsidiary of BFIL. The business of the PFPPL is not outside the main line of business of the BFIL.
The company has also received approval from board of directors for additional investment in Bikaji Foods International USA Corp, Wholly-Owned Subsidiary of the Company of $5,00,000 in the form of 50,000 common stock.
Further, the company has received approval from board of directors for execution of a Loan Agreement with Petunt Food Processors, Subsidiary of the Company of Rs 4 crore. The company has also received approval for execution of a Loan Agreement with Dadiji Snacks, Contract Manufacturing Unit of the Company of Rs 2.50 crore.
The Board of Directors of the Company, at their meeting held on November 11, 2025, has approved the same.
Bikaji Foods International is one of India's largest fast-moving consumer goods (FMCG) brands.
