New Delhi, March 14 Bikaji Foods International announced on Saturday that it has invested ₹40 crore in its subsidiary, Bikaji Foods Retail Ltd (BFRL).
"The company has subscribed to an additional 10,52,630 equity shares in its wholly-owned subsidiary," the company said in a regulatory filing, adding that this subscription maintains Bikaji Foods' 100 per cent ownership of BFRL.
BFRL is pursuing strategic opportunities and investing in new business ventures, specifically in areas such as cafes, quick service restaurants (QSRs), restaurants, taverns, catering services, ice cream catering services, establishing and operating outlets, along with all related and ancillary activities.