Bikaji Foods International has sold its 30% equity stake held in Bikaji Bakes (BBPL), a non-material Wholly-Owned Subsidiary (WOS) of the company to Thayekunni Khaleel.
Consequential to aforesaid sale of the company’s equity stake, BBPL has ceased to be WOS of the company. The company continues to hold remaining 70% equity stake in BBPL and accordingly, it will remain a Subsidiary of the company.
Bikaji Foods International is primarily involved in manufacturing, purchase and sale of snacks food.
