Bikaji Foods extends investment timeline in US subsidiary

Bikaji Foods International (BSE: BIKAJI) announced an extension to the investment timeline for its wholly-owned U.S. subsidiary, Bikaji Foods International USA Corp. The company will make an additional investment of up to $500,000, acquiring 50,000 common stocks at $10 each. The initial investment timeline has already been extended from 4 to 7 months with the last extension of 3 months on November 21, 2024, and the total investment remains at 100% ownership of the US subsidiary. Bikaji Foods International USA Corp has recorded turnover of $10,96,593 as of March 31, 2024 with a loss of $70,130.51. The investment aims to bolster business expansion and strengthen the distribution network in the United States.