Bikaji Foods International Limited is expanding its global footprint with a joint venture in Nepal and a wholly-owned subsidiary in the UAE. The company plans to invest up to Rs 15,00,00,000 in a 50/50 joint venture, named BIKAJI FOODS INTERNATIONAL UAE LIMITED, to manufacture and market its snack products in Nepal, with completion expected within 10 months. Separately, Bikaji is establishing BIKAJI FOODS INTERNATIONAL UAE LIMITED in the UAE with an investment of up to AED 1,00,00,000 to optimize its international supply chain for the Middle East region. Additionally, the company has granted 1,00,000 stock options to employees with an exercise price of Rs 500 per option, vesting over three years, as part of the Bikaji Employees Stock Option Scheme 2021.
