Bikaji Foods International has announced further expansion through an investment in its subsidiary, Petunt Food Processors Private Limited (PFPPL), of ₹8,00,00,000. This will increase Bikaji’s shareholding to 100%. Additionally, $5,00,000 will be invested in Bikaji Foods International USA Corp. Loan agreements were approved with Petunt Food Processors Private Limited for ₹4,00,00,000 and Dadiji Snacks Private Limited for ₹2,50,00,000.
Investment in Petunt Food Processors
Bikaji Foods International will be increasing its investment in Petunt Food Processors Private Limited (PFPPL) through the acquisition of 35,98,998 equity shares. The shares have a face value of ₹10 each and represent 48.78% of PFPPL’s equity. Following this acquisition, Bikaji will have 100% ownership of PFPPL, making it a wholly-owned subsidiary.
Investment in US Subsidiary
An additional investment of $5,00,000 will be made in Bikaji Foods International USA Corp, a wholly-owned subsidiary. This investment will be in the form of 50,000 common stock.
Loan Agreement with Petunt Food Processors
A loan agreement with Petunt Food Processors Private Limited has been approved for ₹4,00,00,000. Currently, the amount of loan outstanding from PFPPL is ₹13,78,75,000.
Loan Agreement with Dadiji Snacks
Bikaji Foods International will also execute a loan agreement with Dadiji Snacks Private Limited, a contract manufacturing unit, for ₹2,50,00,000.
Financial Details of Petunt Food Processors
Petunt Food Processors Private Limited’s turnover for the financial year ended March 31, 2025, was ₹52.07 Crore. The company is involved in the Fast-Moving Consumer Goods (FMCG) industry.
Financial Details of Bikaji USA
Bikaji Foods International USA Corp’s turnover for the financial year ended March 31, 2025, was $17,69,792.
Source: BSE
