Bikaji Foods to Incorporate Wholly-Owned Subsidiary in Abu Dhabi

Bikaji Foods International Ltd announced its Board of Directors has approved the incorporation of a wholly-owned subsidiary in Abu Dhabi, United Arab Emirates. This strategic move is part of the company's broader expansion plans. The Board also approved an investment of ₹15,00,00,000 in C.G. Bikaji Private Limited, a Joint Venture Company in Nepal, and took note of the Joint Venture cum Shareholders Agreement with C.G. Savory Corp Private Limited. Additionally, 1,00,000 stock options were approved for eligible employees under the Bikaji Employees Stock Option Scheme 2021.