Acquisitions26 Mar 2026, 01:46 pm
Bikaji Foods Subsidiary Completes Additional Stake Acquisition in Hazelnut Factory Food Products
AI Summary
Bikaji Foods Retail Limited (BFRL), a wholly-owned subsidiary of Bikaji Foods International Limited, has completed the second tranche for acquisition of an additional 8.59% stake in Hazelnut Factory Food Products Private Limited (THF). This brings BFRL's total stake in THF to 48.99%. The acquisition is part of Bikaji's strategy to develop and expand its Quick Service Restaurant (QSR) business vertical through a comprehensive House-of-Brand strategy. The acquisition will broaden BFRL's portfolio, enhance its market presence, and strengthen its overall business strategy in the QSR segment.
Key Highlights
- BFRL has completed the second tranche for acquisition of an additional 8.59% stake in THF.
- BFRL's total stake in THF now aggregates to 48.99%.
- The acquisition is part of Bikaji's strategy to develop and expand its QSR business vertical.
- The acquisition will broaden BFRL's portfolio and enhance its market presence.
- The transaction is done on an arm's length basis.