Bikaji Block Deal: Tata Mutual Fund, ICICI Prudential, Others Acquire Stake Worth Rs 183 Crore

Deepak Agarwal and Shiv Ratan Agarwal, the promoters of Bikaji Foods International Ltd., have offloaded shares worth Rs 183 crore through multiple block deals on Monday.

The promoters offloaded nearly 25 lakh shares on BSE, representing nearly 1% stake in the food making company. The shares were sold at Rs 732 per share, according to bulk data on the BSE.

On Monday, Deepak Agarwal offloaded 12.5 lakh shares and Paresh Parekh sold 0.49% stake.

On the other hand, HDFC Life Insurance acquired 8.1 lakh shares and Tata Mutual Fund bought 7.42 lakh shares at Rs 732 each. ICICI Prudential Life Insurance Company, Aditya Birla Sun Life and Alphamine Absolute Return Fund were among the other buyers.

As of June 2025, Deepak Agarwal and Shiv Ratan Agarwal held 14.81% and 74.92% stake, respectively. Public shareholders own 25.08% equity in Bikaji Foods, while promoters hold 25.08% stake.

The business update was shared aftermarket hours. The stock settled 0.11% lower at Rs 721.95 apiece on the NSE, compared to a 0.91% advance in the benchmark Nifty 50.

Bikaji Food's shares have fallen 11.47% in the last 12 months and 7.38% year-to-date.

All seven analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target of Rs 884.14 implies an upside of 22.5%.