Private Equity Other Private Equity/Strategic Investments
Bikaji Foods sells 30% stake in subsidiary Bikaji Bakes
Source Economic Times (opens in a new tab)BSE Announcement (opens in a new tab)
Publicly listed, Bikaner, Rajasthan-based Bikaji Foods International has sold a 30% stake in its subsidiary, Bikaji Bakes, to Thayekunni Khaleel, founder of the bakery brand Bakemart. Bikaji Foods retains a 70% stake in the firm.Founded in 2024, Bikaji Bakes sells premium bakery products and frozen goods. Following the sale of the 30% stake, the subsidiary is no longer a wholly owned entity of the parent company.