Bikaji Foods Acquires Petunt Food for Rs 8 Crore, Gains Full Control

• Bikaji Foods acquired the remaining 48.78% equity stake in Petunt Food Processors Private Limited for approximately Rs 8 crore.
• This acquisition makes Petunt Food a wholly owned subsidiary of Bikaji Foods, consolidating its ownership from a previous 51.22% stake.
• Bikaji Foods gains full ownership and operational control of Petunt Food, crucial for its southern India operations.
• Petunt Food manufactures sweets, namkeen, and handles packaging, labeling, grading, and distribution of food products.
• Petunt Food reported a turnover of Rs 363 crore in FY2023 and Rs 52.07 crore in FY2025.