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Bikaji forays into the QSR segment through a planned strategic investment to acquire controlling stake in The Hazelnut Factory Bikaji Foods International Strengthening its Position in the Premium Bakery & Patisserie Segment India, 16th October 2024 – Bikaji Foods International Limited (Bikaji) , one of India’s largest ethnic snacks brands, has announced that, Bikaji Foods Retail Limited (“BFRL”), Wholly Owned Subsidiary of Bikaji Foods International Limited, will make a strategic investment of INR 131.01 Crores for an acquisition of 53.02% stake in Hazelnut Factory Food Products Private Limited (“The Hazelnut Factory / (THF)”), a CafĂ© cum Artisanal sweets brand based in Lucknow. This investment will be done in tranches and is expected to be completed in next 2 years. Through this acquisition, Bikaji aims to set up a House of Brands to cater to unique customer tastes and preferences and establish Bikaji as a key player in the Quick Service Restaurant ( QSR) domain. Th