Bikaji Foods completes additional share subscription of $29,00,000 in US-based subsidiary
Bikaji Foods International Ltd (BFIL) completed an additional subscription for shares in its wholly-owned subsidiary, Bikaji Foods International USA Corp (Bikaji USA). The transaction, which occurred on Saturday, July 04, 2026, involved the purchase of 2,90,000 shares of Common Stock of $10 each by the company.The additional subscription amounted to $29,00,000. Following this investment, BFIL's shareholding percentage in Bikaji USA remained unchanged, as the entity is already a Wholly-Owned Subsidiary (WOS) of BFL.
Bikaji Foods International Ltd established Bikaji USA on July 10, 2023, incorporating it in New Jersey, USA. The subsidiary operates within the Fast-Moving Consumer Goods (FMCG) Industry and focuses on trading various food and related products, including bhujia, namkeen, sweets, and frozen food products.
Details regarding Bikaji Foods International USA Corp are provided below:
| Particulars | Details |
|---|---|
| Target Entity | Bikaji Foods International USA Corp (Bikaji USA) |
| Incorporation Date | July 10, 2023 in New Jersey, USA |
| Authorized Capital | $1,00,00,000 divided into 10,00,000 shares of Common Stock of $10 each |
| Paid-up Capital | $40,50,000 divided into 4,05,000 shares of Common Stock of $10 each |
The transaction involves a cash consideration totaling $29,00,000. The subsidiary holds a presence in the United States of America and is engaged in trading food products.
Financial performance indicators for Bikaji USA include:
| Period | Turnover (in $) |
|---|---|
| March 31, 2026 | $26,20,309 |
| 2025-26 | $17,69,792 |
| 2024-25 | $10,96,593 |
BIKAJI Stock Price Movement
Bikaji Foods International Limited shares gained 0.58% on Friday, settling at ₹662.2 following a solid day's performance. The equity traded comfortably within its range and saw a trading volume of 100,793 shares during the previous market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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