Bikaji Foods International Ltd Acquires Remaining Shares of Petunt Food Processors Private Limited
Bikaji Foods International Ltd (BFIL) has completed the acquisition of the remaining 48.78% of equity share capital of Petunt Food Processors Private Limited (PFPPL), making PFPPL a wholly-owned subsidiary of BFIL. The acquisition was done at an arm's length basis and falls within related party transactions under Section 188 of the Companies Act, 2013 and Regulation 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. PFPPL, a part of the Fast-Moving Consumer Goods (FMCG) industry, is engaged in the business of manufacturing, processing, preparing, preserving, refining, buying, selling, packing, re-packing, labeling, sorting, and grading all types of food and food-related products, including sweets and namkeen food products.
Key Highlights
- BFIL has completed the acquisition of the remaining 48.78% of equity share capital of PFPPL.
- PFPPL has become a wholly-owned subsidiary of BFIL.
- The acquisition was done at an arm's length basis and falls within related party transactions.
- PFPPL is engaged in the business of manufacturing, processing, preparing, preserving, refining, buying, selling, packing, re-packing, labeling, sorting, and grading all types of food and food-related products.
- PFPPL's turnover for the financial year ended on March 31, 2025, was 52.07 (in Crore).