Bikaji Foods International has announced the acquisition of the remaining 48.78% equity stake in Petunt Food Processors Private Limited for approximately ₹8 crore, making the company a wholly owned subsidiary. The decision was approved by Bikaji’s board as part of its strategy to consolidate ownership and strengthen operational control.
Before the transaction, Bikaji held a 51.22% stake in Petunt Food. With the latest acquisition, the company has purchased 35,98,998 equity shares with a face value of ₹10 each, representing the remaining 48.78% stake in the business. The move brings Petunt Food fully under Bikaji’s ownership.
Petunt Food Processors has an authorised share capital of ₹8 crore, consisting of 80 lakh equity shares with a face value of ₹10 each. Its paid-up share capital stands at ₹7.37 crore, divided into 73,78,098 equity shares. The company is involved in the manufacturing and processing of a wide range of food products, including sweets and namkeen, along with packaging, labelling, grading and distribution activities.
According to Bikaji, the acquisition is aimed at consolidating its shareholding in Petunt Food and gaining complete operational control of the business. The company plays a significant role in Bikaji’s operations in southern India and contributes to the brand’s regional manufacturing and distribution network.
Financially, Petunt Food Processors reported a turnover of ₹363 crore in FY2023. In FY2025, the company recorded a turnover of ₹52.07 crore.
Through this move, Bikaji Foods International strengthens its operational integration and aims to streamline its supply chain and regional presence in the competitive snacks and packaged foods market.
