Announced Wed, 5 Aug · 20:02 IST
Bikaji Foods approves Nepal JV, UAE subsidiary, and ESOP grants
BIKAJI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.5%1-day move
₹652.90
prior close
₹645.05
base price
After-mkt
timing
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Up moveDown movePending
AI summary
Board approved: 1) 50:50 JV with C.G. Savory Corp (Nepal) named C.G. Bikaji Pvt Ltd, investing up to Rs 15 crore for snacks/namkeen/sweets in Nepal; 2) Wholly-owned subsidiary in Abu Dhabi, UAE with up to AED 1 crore investment for Middle East supply chain; 3) 1 lakh stock options to employees at Rs 500 per option under ESOP 2021.
Likely market impact
International expansion push into Nepal and UAE markets. Modest ESOP grant at Rs 500 strike price.