Bikaji Foods International inches up on getting MCA nod to incorporate Wholly Owned Subsidiary
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Bikaji Foods International is currently trading at Rs. 768.00, up by 3.40 points or 0.44% from its previous closing of Rs. 764.60 on the BSE.
The scrip opened at Rs. 774.75 and has touched a high and low of Rs. 782.10 and Rs. 768.00 respectively. So far 3806 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1005.00 on 27-Sep-2024 and a 52 week low of Rs. 475.50 on 15-Mar-2024.
Last one week high and low of the scrip stood at Rs. 789.90 and Rs. 761.55 respectively. The current market cap of the company is Rs. 19499.76 crore.
The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 20.26% and 4.76% respectively.
Bikaji Foods International has received approval from Ministry of Corporate Affairs (MCA) for incorporation of Wholly Owned Subsidiary (WOS) of the company in the name and style of ‘Bikaji Bakes’ (BBPL) on December 28, 2024.
BBPL will be dedicated to carry on the business of manufacturing, distributing and operating outlet for wide range of frozen bread, cakes, gluten free products, croissants, viennoiserie and other bakery products.
Bikaji Foods International is the largest manufacturer of Bikaneri bhujia, packaged rasgulla, soan papdi and gulab jamun.
