Bikaji Foods International has completed the acquisition of the remaining 48.78% equity stake in Petunt Food Processors Private Limited (PFPPL), making the company its wholly-owned subsidiary effective March 6, 2026. The acquisition has been completed for a cash consideration of Rs 8 crore.
The company has earlier held a 51.22% stake in PFPPL and has now acquired 35,98,998 equity shares representing the remaining 48.78% stake. Following the completion of the transaction, PFPPL has become a wholly-owned subsidiary of Bikaji Foods International in a regulatory filing.
The acquisition has been undertaken to consolidate Bikaji’s ownership and strengthen operational control over PFPPL, which has been an integral part of the company’s operations in the southern region of India. The business of the acquired entity has remained aligned with Bikaji’s core FMCG operations.
Petunt Food Processors operates in the fast-moving consumer goods (FMCG) sector and is engaged in manufacturing, processing, packing, and selling food products including sweets and namkeen. The company was incorporated on September 14, 2017.
The company has reported a turnover of Rs 52.07 crore for the financial year ending March 31, 2025, compared with Rs 42.70 crore in FY24 and Rs 36.36 crore in FY23.
The transaction has been carried out on an arm’s length basis. Petunt Food Processors has been classified as a related party as it was already a subsidiary of Bikaji Foods, and Bikaji promoter Deepak Agarwal has also served as a director in the company.
No regulatory approvals have been required for completing the acquisition, the company has stated in its disclosure.
