Majmudar& Partners recently represented Bikaji Foods International Limited (Bikaji Foods) and its promoters, the Agarwal family, on the acquisition of a 12.5% equity stake by Lighthouse Funds by way of a fresh issue of shares by Bikaji Foods. The amount of Lighthouse Funds’ investment was INR 900 million (approximately US$15million). Bikaji Foods, headquartered in Bikaner, Rajasthan, is a leading manufacturer of packaged Indian snack foods, trading mainly under the “Bikaji” brand. This transaction represents the first round of private equity investment in the company.

Akil Hirani, Managing Partner, and Christopher Krishnamoorthy, Associate Partner, led the team from Majmudar & Partners on this transaction.