Investment21 May 2026, 08:31 pm
Bikaji Foods Invests $5M in US Subsidiary
AI Summary
Bikaji Foods International Ltd has approved an additional investment of up to $5 million in its wholly-owned subsidiary, Bikaji Foods International USA Corp. The board also approved investments in Jai Barbareek Dev Snacks Private Limited (JBDSPL) by acquiring 74% equity and in Bikaji Bakes Private Limited up to ₹5 Crore via Optionally Convertible Debentures. Additionally, a loan agreement of up to ₹5 Crore with Dadiji Snacks Private Limited was approved, along with corporate guarantees for JBDSPL (₹59 Crore) and Bhujialalji Private Limited (₹5 Crore). The board also recommended the re-appointment of several directors and designated new Senior Management Personnel.
Key Highlights
- Bikaji Foods will invest up to $5 million in its US subsidiary.
- Acquisition of 74% stake in Jai Barbareek Dev Snacks Private Limited approved.
- ₹5 Crore investment in Bikaji Bakes Private Limited via OCDs approved.
- Loan agreement of up to ₹5 Crore with Dadiji Snacks Private Limited approved.
- Re-appointment of several directors was recommended.
Price Impact
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