Bikaji Foods International Limited is expanding its international presence with a joint venture in Nepal and the incorporation of a wholly-owned subsidiary in the United Arab Emirates. The joint venture, named BIKAJI FOODS INTERNATIONAL UAE LIMITED, will partner with C.G. Savory Corp Private Limited and involve an investment of up to Rs 15,00,00,000 (AED 1,00,00,000), with Bikaji holding 50% ownership, and is expected to complete within 10 months. Separately, the UAE subsidiary, also named BIKAJI FOODS INTERNATIONAL UAE LIMITED pending approval, will receive up to AED 1,00,00,000 in investment and be 100% owned by Bikaji. Additionally, the company has granted 1,00,000 stock options to employees at a price of Rs 500 per option, under the Bikaji Employees Stock Option Scheme 2021, with a vesting schedule over three years. Both the joint venture and subsidiary incorporation are subject to regulatory approvals.
