Bikaji Foods International (Bikaji) announced that, Bikaji Foods Retail (BFRL), its wholly owned subsidiary, will make a strategic investment of Rs 131.01 crores for an acquisition of 53.02% stake in Hazelnut Factory Food Products (The Hazelnut Factory / THF), a Cafcum Artisanal sweets brand based in Lucknow. This investment will be done in tranches and is expected to be completed in next 2 years. Through this acquisition, Bikaji aims to set up a House of Brands to cater to unique customer tastes and preferences and establish Bikaji as a key player in the Quick Service Restaurant (QSR) domain.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content