Bikaji Foods International Completes Acquisition of 74% Stake in Jai Barbareek Dev Snacks, Securing Chhattisgarh Market Access
Bikaji Foods International Ltd has successfully completed the acquisition of 74% equity share capital in Jai Barbareek Dev Snacks Private Limited (JBDSPL). The acquisition, which was initially approved by the Company's Board of Directors, concluded on Thursday, July 02, 2026.Following the completion of the transaction, JBDSPL has become a subsidiary of Bikaji Foods International Ltd. through this acquisition.
The company acquired 14,800 Equity Shares of JBDSPL, having a face value of ₹ 10 each. The entire purchase was conducted as a Cash Consideration for a cost of ₹ 1,48,000. This transaction gives Bikaji Foods International Ltd full control over the operations of JBDSPL.
Strategic Objectives and Target Overview
The acquisition is strategically aimed at accelerating business growth and enhancing market presence in Chhattisgarh. By gaining ownership and control over JBDSPL, Bikaji Foods International intends to ensure wider reach and improved customer accessibility across the region. The business of JBDSPL remains within the main line of business of Bikaji Foods International Ltd.
JBDSPL, which operates in the Fast-Moving Consumer Goods (FMCG) Industry, is engaged in manufacturing and selling snacks and other namkeen items. It also undertakes contract manufacturing for Bikaji Foods International. The company was incorporated on May 20, 2022, and its registered office is located in Chhattisgarh.
Financial Snapshot of JBDSPL
The performance data for Jai Barbareek Dev Snacks Private Limited (JBDSPL) across the past three financial years is as follows:
| Financial Year | Turnover (₹ in Crore) |
|---|---|
| 2024-25 | 19.81 |
| 2023-24 | 0.04 |
| 2022-23 | Business not commenced |
The acquisition ensures that JBDSPL, as a subsidiary of Bikaji Foods International Ltd, is a related party under the Companies Act, 2013 and relevant regulations.
BIKAJI Stock Price Movement
Bikaji Foods International Limited shares closed higher today, rallying by 0.99% to settle at ₹655.2. The stock traded within a range during the session, hitting a low of ₹642.15 and peaking near its daily high of ₹656.45.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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