Bikaji Foods International informs about updates on acquisition

04 Sep 2024 Evaluate
Bikaji Foods International has informed that the Board of Directors of the Company have accorded their approval to make a strategic investment of ?60,49,38,075 (Rupees Sixty Crore Forty-Nine Lakh Thirty-Eight Thousand and Seventy-Five Only) in Ariba Foods (Ariba Foods) for acquisition of 55% of total issued and paid-up equity share capital. In this regard, the Company has completed the acquisition of 55% of total issued and paid-up equity share capital in Ariba Foods as of today, Wednesday, September 04, 2024. Subsequent to the completion of the transaction, Ariba Foods has become a Subsidiary of the Company with effect from Wednesday, September 04, 2024. The disclosure required under Regulation 30 of the Listing Regulations, read with the Circular bearing reference number SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 was disclosed in letter bearing reference no. BFIL/SEC/2024-25/56 dated August 23, 2024. The same is enclosed. In compliance with the Regulation 46 of the Listing Regulations, the above disclosure will also be hosted on the website of the Company and the same can be accessed at www.bikaji.com.

The above information is a part of company’s filings submitted to BSE.

Bikaji Foods Inter. Share Price

769.45 11.10 (1.46%)
20-Dec-2024 16:59 View Price Chart
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