Bikaji Foods International Limited has announced an additional investment of up to $500,000 (Rs 4.15 crores) in its wholly-owned subsidiary, Bikaji Foods International USA Corp.
This investment, which will be used to purchase 50,000 common stocks valued at $10 each, aims to enhance the company’s presence in the U.S. market.
The original investment period, set for four months, has been extended by an additional three months. This move is part of Bikaji Foods’ strategy to strengthen its distribution network and expand its footprint in the U.S., aligning with its core business in the Fast Moving Consumer Goods (FMCG) industry. The investment is a related party transaction, but conducted at arm’s length.
TOPICS:
Bikaji Foods