Bikaji Foods International Ltd. Approves Additional Investment of $5,00,000 in Wholly-Owned Subsidiary Bikaji Foods International USA Corp.

Bikaji Foods International Ltd. (BFIL) has announced an additional investment of up to $5,00,000 in its wholly-owned subsidiary, Bikaji Foods International USA Corp. (Bikaji USA), based in New Jersey, USA. The investment will be in the form of 50,000 common stocks of $10 each. The initial time period for completion of the investment was within 4 months, which has now been extended by a further 3 months. BFIL's shareholding in Bikaji USA will remain at 100% post this subscription as Bikaji USA is already a WOS of BFIL. The business of Bikaji USA is in line with the main line of business of the BFIL.