Joint Venture5 Aug 2026, 08:02 pm
Bikaji Foods Approves ₹15 Cr Nepal JV Investment & UAE Subsidiary
AI Summary
Bikaji Foods International Ltd announced board approval for a significant investment of up to ₹15 crore in C.G. Bikaji Private Limited, a new joint venture company in Nepal. This JV, formed with Nepal's C.G. Savory Corp Private Limited, aims to manufacture, trade, and market snacks, namkeen, bhujia, papad, and packaged sweets within Nepal. The company also approved the incorporation of a wholly-owned subsidiary in Abu Dhabi, UAE, and the grant of 1,00,000 stock options to employees under its ESOP scheme at an exercise price of ₹500 per option.
Key Highlights
- Approved ₹15 Cr investment in Nepal joint venture, C.G. Bikaji Private Limited.
- JV with C.G. Savory Corp to focus on snacks and sweets in Nepal.
- Incorporation of a wholly-owned subsidiary in Abu Dhabi, UAE approved.
- Granted 1,00,000 stock options to employees at ₹500 exercise price.
Price Impact
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