Bikaji Foods International Limited — JV/Acquisition, 22-10-2024: Acquisition

Bikaji Foods International Limited has subscribed to an additional 25,20,000 equity shares in its wholly-owned subsidiary, Bikaji Foods Retail Limited (BFRL), maintaining its 100% ownership. The shares have a face value of ₹10 each, issued at a premium of ₹240 per share, totaling ₹63 crore. This move supports BFRL's strategic diversification into cafes and quick-service restaurants, among other food service ventures. The acquisition complies with related-party transaction regulations.