Bikaji Foods International Shares slipped 1% during the early trading hours on 6 September, a day after Lighthouse India Fund III offloaded a 1.3% stake in the company.

Lighthouse India Fund III offloaded around 32.42 lakh shares or a 1.3% stake in the company through open market transactions for an average price of Rs 480 per share.

Lighthouse India held a 2.7% stake in the company in June 2023.

Plutus Wealth Management LLP has bought 13.5 lakh shares of Bikaji at an average price of Rs 480.11 per share.

The company is the third largest producer of traditional Indian snacks and has operations all across India with exports to over 25 countries around the world, including North America, Middle East, and Europe,

The company reported a strong quarterly report for the April-June quarter with a 163.8% YoY increase in net profit at Rs 41.4 crore and a 15% YoY increase in revenue from operations at Rs 482.1 crore.

At 2:17 pm, the shares of Bikaji Foods International were trading at Rs 513.30 or 0.19% above its previous close on NSE.