Acquisitions16 Oct 2024, 10:32 pm
Bikaji Foods Retail Limited Acquires 53.02% Stake in Hazelnut Factory Food Products for 131.01 Crores
AI Summary
Bikaji Foods Retail Limited (BFRL), a wholly-owned subsidiary of Bikaji Foods International Ltd, is set to invest up to 131.01 Crores in Hazelnut Factory Food Products Private Limited (THF) for the acquisition of 53.02% of its total issued and paid-up equity share capital. This strategic investment will be made in tranches, with the first tranche of 40.40% expected to be completed by November 30, 2024. THF, a fast-growing brand in the Food and Beverage sector, has a diverse product range and a strong presence in India. This acquisition is part of BFRL's overall strategy to expand its Quick Service Restaurant (QSR) business vertical.
Key Highlights
- BFRL to invest up to 131.01 Crores in THF
- Acquisition of 53.02% total issued and paid-up equity share capital of THF
- First tranche of 40.40% expected to be completed by November 30, 2024
- THF is a fast-growing brand in the Food and Beverage sector
- Acquisition is part of BFRL's strategy to expand its QSR business vertical