Bikaji Foods International completes acquisition of remaining 48.78% stake in PFPPL
The BFIL in PFPPL has reached to 100% and PFPPL has become the Wholly-Owned Subsidiary of BFIL
Bikaji Foods International (BFIL) has completed the acquisition of remaining 48.78% of Equity Share Capital of Petunt Food Processors (PFPPL) on March 06, 2026. Subsequent to this acquisition, the shareholding of BFIL in PFPPL has reached to 100% and PFPPL has become the Wholly-Owned Subsidiary of BFIL.
The objective behind the acquisition is to consolidate the company’s holding and have full ownership and control over the operations of the PFPPL, which is an integral part of operations of the BFIL in the South territory. The cost of acquisition is Rs 8 crore.
Bikaji Foods International is one of India's largest fast-moving consumer goods (FMCG) brands.
