BIKAJI FOODS: Company says will make a strategic investment of an amount not exceeding ₹ 131.01 Crores in Hazelnut Factory Food Products Private Limited (“THF”) for acquisition of its 53.02% of
total issued and paid-up equity share capital, in tranches.
Additionally, the BFRL has entered into the Share Subscription Agreement and Share Purchase Agreement(“Transaction Documents”) with THF and its promoters to record the terms and conditions governing the strategic investment.
53.02% of the total issued and paid-up equity share capital of THF is proposed to be acquired over a time period of 2 years from the first tranche of acquisition or such other later date, as may be mutually agreed between the parties.
total issued and paid-up equity share capital, in tranches.
Additionally, the BFRL has entered into the Share Subscription Agreement and Share Purchase Agreement(“Transaction Documents”) with THF and its promoters to record the terms and conditions governing the strategic investment.
53.02% of the total issued and paid-up equity share capital of THF is proposed to be acquired over a time period of 2 years from the first tranche of acquisition or such other later date, as may be mutually agreed between the parties.