Lighthouse Advisors through its investment vehicle Lighthouse India Fund III has divested a 1.3 per cent stake in Bikaji Foods International for nearly Rs 156 crore through an open market transaction. Lighthouse India Fund III offloaded 32,42,070 shares. The shares were disposed of at an average price of Rs 480 apiece. Meanwhile, Plutus Wealth Management LLP acquired 13.5 lakh shares of Bikaji Foods International.
Bikaji Foods International is the largest manufacturer of Bikaneri bhujia, packaged rasgulla, soan papdi and gulab jamun.
