๐ Bikaji Foods sells 30% stake in baked subsidiary to Bakemart founder
Bikaji Foods International Ltd. announced the sale of a 30% stake in its subsidiary, Bikaji Bakes Private Limited, to Thayekunni Khaleel. This transaction involved Khaleel, the founder of the Bakemart bakery brand. The sale was executed in tranches, changing BBPL from a wholly owned subsidiary. Bikaji Foods retains the remaining 70% stake in the company. Following this news, Bikaji Foods International Ltd. shares rose by 2.75% to Rs 616.30 on Wednesday.