Bikaji Foods International has invested ₹40 crore in its wholly-owned subsidiary, Bikaji Foods Retail Limited (BFRL), through the subscription of 10,52,630 equity shares. The transaction maintains Bikaji Foods’ 100% ownership in BFRL.
BFRL, incorporated on September 20, 2024, operates in the fast-moving consumer goods (FMCG) industry. The subsidiary aims to diversify its business by exploring strategic opportunities in cafes, quick service restaurants, and other related ventures. The investment aligns with BFRL’s objectives of expanding into new business areas.
The paid-up share capital of BFRL now stands at ₹3.58 crore, comprising 35,82,630 equity shares with a face value of ₹10 each. The investment was completed on March 14, 2026, and was executed on an arm’s length basis. Promoters Deepak Agarwal and Shweta Agarwal, along with CFO Rishabh Jain, hold directorships in both Bikaji Foods and BFRL.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).