Bikaji Foods International Ltd. Approves Additional Investment in Subsidiary and Executes Joint Venture Agreement

Bikaji Foods International Ltd. has approved additional investment in its wholly-owned subsidiary, Bikaji Foods Retail Limited, by up to 50 Crore. The company also executed a Joint Venture cum Shareholders Agreement with Mr. Deepak Agarwal and Mr. Thayekunni Khaleel to undertake the frozen and bakery business in India. Furthermore, Bikaji Foods International Ltd. approved loan agreements with Petunt Food Processors Private Limited and Dadiji Snacks Private Limited, and investment in Jai Barbareek Dev Snacks Private Limited.