Bikaji Foods International Limited has successfully completed the acquisition of an additional 8.59% stake in Hazelnut Factory Food Products Private Limited (THF) through its wholly-owned subsidiary, Bikaji Foods Retail Limited (BFRL). This acquisition, completed on March 26, 2026, brings BFRL’s total shareholding in THF to 48.99%.
The acquisition is part of Bikaji Foods’ strategic plan to expand its Quick Service Restaurant (QSR) business vertical. The company aims to enhance its market presence and strengthen its overall business strategy through a comprehensive House-of-Brand approach.
The transaction was conducted on an arm’s length basis and falls under related party transactions due to THF being an associate company of BFRL. Mr. Rishabh Jain, the Chief Financial Officer of Bikaji Foods, also serves as a Director at THF.
The financial details of the acquisition reveal that BFRL acquired 5,086 equity shares of THF, each with a face value of ₹10, at a premium of ₹78,632 per share. The total consideration for this tranche amounts to ₹39,99,73,212.
THF, a private limited company in the Food and Beverage industry, reported a turnover of ₹54.31 crore for the financial year ending March 31, 2025. The acquisition aligns with Bikaji Foods’ objective to broaden its portfolio and enhance its market presence in the QSR segment.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).