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Bikaji expands stake in wholly-owned subsidiary, Bikaji Foods International USA Corp

Oct 11, 2023

By: BlinkX Research Team

In a regulatory disclosure under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Bikaji Foods International Limited has announced an additional subscription to its wholly-owned subsidiary, Bikaji Foods International USA Corp (Bikaji USA).

On October 10, 2023, Bikaji increased its stake by acquiring 30,000 common stock in Bikaji USA. These newly acquired common stocks have a face value of $10/- each. It's important to note that since Bikaji USA is a wholly-owned subsidiary, this subscription does not result in any change in the shareholding percentage of Bikaji Foods International Limited in Bikaji.