Bikaji Foods International Completes Additional Stake Acquisition in Hazelnut Factory Food Products
Bikaji Foods International Limited (BFIL) announced the completion of the second tranche for the acquisition of an additional 8.59% stake in Hazelnut Factory Food Products Private Limited (THF) on March 26, 2026. Bikaji Foods Retail Limited (BFRL), a wholly-owned subsidiary of BFIL, has now aggregated a 48.99% shareholding in THF following the completion of this acquisition.The acquisition, totaling ₹ 39,99,73,212, involved the issuance of 5,086 equity shares at a premium of ₹ 78,632 per share. The investment brings BFRL's total investment in THF to approximately ₹ 101 Crore.
THF, incorporated on December 19, 2019, operates in the Food and Beverage (F&B) industry. For the financial year ended March 31, 2025, THF reported a turnover of ₹ 54.31 Crore. The acquisition aligns with BFIL's strategy to expand its Quick Service Restaurant (QSR) business vertical.
Mr. Rishabh Jain, Chief Financial Officer (KMP) of BFIL, serves as a Director in THF. The transaction was conducted on an arm’s length basis.
| Financial Year | Turnover (₹ in Crore) |
|---|---|
| 2024-25 | 54.31 |
| 2023-24 | 44.85 |
| 2022-23 | 39.31 |
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