Bikaji Foods International has acquired a stake of 49% in Equity Shares and 396 Compulsorily Convertible Debentures (CCDs) in Bhujialalji (BPL) on July 19, 2023. Subsequent to the acquisition, Bhujialalji has become an associate of the company.
The business of the Bhujialalji is in line with the main line of business of the company. The acquisition is for better expansion of business and to further strengthen the position of the company.
Bikaji Foods International is the largest manufacturer of Bikaneri bhujia, packaged rasgulla, soan papdi and gulab jamun.
