Bikaji Foods International Limited has informed the Exchange about Acquisition - Additional Subscription in Bikaji Foods International USA Corp, Wholly Owned Subsidiary
BIKAJI · price
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Bikaji Foods International Limited has invested an additional $1,50,000 (about ₹1.25 crore) into its fully-owned US subsidiary, Bikaji Foods International USA Corp, by subscribing to 15,000 common stocks at $10 each. The US subsidiary, incorporated in July 2023 in New Jersey, trades food items in the US market. Bikaji USA's turnover grew to $17.7 lakh in FY25 from $10.9 lakh in FY24. The company's ownership remains 100% as it was already a wholly-owned subsidiary. The investment aims to strengthen Bikaji's distribution network and market presence in the USA. The transaction was done on an arm's length basis, with promoters Deepak Agarwal and Shweta Agarwal also serving as directors in the US entity.
This is a relatively small capital infusion into an existing subsidiary and is unlikely to move the stock price meaningfully. However, it signals Bikaji's continued focus on expanding its international footprint, particularly in the US FMCG market where the subsidiary is showing strong revenue growth. Shareholders should view this as a positive long-term strategic move toward global expansion.