Bikaji Foods International Limited (BFIL) has announced the incorporation of its wholly owned subsidiary, Bikaji Bakes Private Limited (BBPL), on December 28, 2024. The newly formed entity will operate within the fast-moving consumer goods (FMCG) sector, specializing in the production and distribution of a wide range of bakery products including frozen bread, cakes, gluten-free items, croissants, and viennoiserie.
BBPL’s authorized and paid-up share capital is set at ₹1,00,000, divided into 10,000 equity shares of ₹10 each. With BFIL’s 100% subscription to the shares, BBPL becomes a fully owned subsidiary. The move will strengthen BFIL’s portfolio in the FMCG space, expanding its reach into the bakery market.
The incorporation follows all regulatory requirements, with no government approvals necessary for the acquisition. This acquisition is part of BFIL’s ongoing efforts to diversify its product offerings while continuing to focus on its core business. As a related party transaction, the acquisition was made on an arm’s length basis, with no impact on BFIL’s ongoing operations.
The newly formed subsidiary marks a strategic expansion for Bikaji Foods, with plans to introduce innovative bakery products in both domestic and export markets.
