Bikaji Foods sells 30% stake in baked foods subsidiary to Bakemart founder

Bikaji Foods International announced selling a thirty percent stake in its subsidiary. This significant stake was acquired by industry veteran Thayekunni Khaleel. Bikaji Bakes Private Limited is no longer a wholly owned subsidiary of Bikaji Foods. Bikaji Foods International retains the remaining seventy percent ownership of the subsidiary. The company's shares saw a notable increase following this strategic business announcement.