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Bikaji acquires The Hazelnut Factory
Bikaji Foods International Limited (Bikaji), one of India’s largest ethnic snacks brands, has announced that, Bikaji Foods Retail Limited (“BFRL”), wholly Owned Subsidiary of Bikaji Foods International Limited, will make a strategic investment of INR 131.01 Crores for an acquisition of 53.02% stake in Hazelnut Factory Food Products Private Limited (“The Hazelnut Factory” / “THF”), a Café cum Artisanal sweets brand based in Lucknow. This investment will be done in tranches and