Announced Thu, 2 Jul · 16:17 IST
Bikaji Foods completes 74% acquisition of JBDSPL, makes it subsidiary
BIKAJI · price
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Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹654.50
prior close
₹655.00
base price
After-mkt
timing
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AI summary
Bikaji Foods has completed acquiring 74% equity (14,800 shares) in Jai Barbareek Dev Snacks Pvt Ltd (JBDSPL) for about Rs 1.48 lakh in cash. JBDSPL, a Chhattisgarh-based FMCG snacks maker with FY25 turnover of Rs 19.81 crore, becomes a subsidiary of Bikaji. The deal aims to expand market presence in Chhattisgarh and bring contract manufacturing under Bikaji's control.
Likely market impact
Strengthens Bikaji's reach in Chhattisgarh; JBDSPL revenue will consolidate into Bikaji's books going forward.