Bikaji Foods to Invest in Jai Barbareek Dev Snacks

Bikaji Foods International Ltd has approved an investment in Jai Barbareek Dev Snacks Private Limited (JBDSPL) by acquiring 14,800 equity shares, representing 74% of JBDSPL's equity share capital. The board also approved additional investment in Bikaji Foods International USA Corp up to $5,000,000 and in Bikaji Bakes Private Limited up to ₹5,00,00,000. Furthermore, they approved a loan agreement with Dadiji Snacks Private Limited up to ₹5,00,00,000 and corporate guarantees for Jai Barbareek Dev Snacks Private Limited (₹59,00,00,000) and Bhujialalji Private Limited (₹5,00,00,000). The board also recommended the re-appointment of several directors and designated new Senior Management Personnel.