Bikaji Foods hits new high
By
Ruma Dubey
about 1 year ago
![No image](https://images.sptulsian.com/articles/Bikaji-Foods-hits-new-high.png)
Bikaji Foods is very much in the limelight today; from its previous close of Rs.426.35, the stock opened at Rs.429.70 and went on to hit a new 52-week high at Rs.468.95.
The stock price hit a new high after it reported acquiring a 49% stake in competitive snack maker, Bhujialalji though the acquisition price was not divulged.
This was acquired through acquisition of 9608 equity shares and 396 Compulsory Convertible Debentures (CCDs).
As a result of the acquisition, Bhujialalji is now an associate of Bikaji Foods International.
Bhujialalji Private Limited reported an annual turnover of Rs 18 crore and a net worth of Rs -3 crore as of March 31, 2023.
716.75 (+6.50)