Bikaji Foods International Limited — JV/Acquisition, 26-10-2024: Acquisition

Bikaji Foods International Limited has completed the first tranche of its strategic investment, acquiring a 40.40% stake in Hazelnut Factory Food Products Private Limited for ₹131.01 Crores. This investment positions Hazelnut Factory as an associate company of Bikaji, aimed at boosting its Quick Service Restaurant (QSR) segment and expanding its premium bakery and patisserie offerings. The acquisition is expected to enhance Bikaji's market presence in the evolving F&B landscape.