Bikaji Foods to Issue Corporate Guarantee for Subsidiaries

Bikaji Foods International Ltd has approved the issuance of corporate guarantees in favor of HDFC Bank Limited on behalf of Jai Barbareek Dev Snacks Private Limited, a subsidiary, up to ₹59 Crore, and Bhujialalji Private Limited, an associate, up to ₹5 Crore. The board also approved additional investment in Bikaji Foods International USA Corp, a wholly-owned subsidiary, up to $5 million, and investment in Jai Barbareek Dev Snacks Private Limited by acquiring 74% equity share capital. Additionally, they approved investment in Bikaji Bakes Private Limited up to ₹5 Crore and a loan agreement with Dadiji Snacks Private Limited up to ₹5 Crore.