Bikaji Foods International Limited is expanding its global footprint with a joint venture in Nepal and the incorporation of a subsidiary in the United Arab Emirates. The company plans to invest up to Rs 15,00,00,000 for a 50% stake in the Nepal-based venture, aimed at entering the Nepalese market, and up to AED 1,00,00,000 to establish Bikaji Foods International UAE Limited in the Khalifa Economic Zone Abu Dhabi, optimizing Middle East supply chain operations. Simultaneously, Bikaji has granted 100,000 stock options to employees with an exercise price of Rs 500 per option, vesting over three years. These actions, including the related party transactions in Nepal and the UAE, are being conducted in compliance with regulatory guidelines and represent a broader growth strategy for the company.
