Bikaji Foods International said it has invested Rs 40 crore in its step-down subsidiary Bikaji Foods Retail Ltd (BFRL).
“The company has made an additional subscription of 10,52,630 equity shares in its wholly-owned subsidiary,” the company said in a regulatory filing, adding that the said subscription of shares maintains Bikaji Foods’ 100 per cent ownership of BFRL.
BFRL is pursuing strategic opportunities and investing in new business ventures, specifically in the areas of cafe, quick service restaurants (QSRs), restaurants, taverns, food catering services, ice cream catering services, establishment and operation of outlets, along with all related and ancillary activities.
PTI
