Lighthouse to buy stake in Bikaji Foods

Lighthouse Funds, a global private equity investor will purchase a 25 percent stake in Bikaji Foods International, Indian snack maker company for Rs 120 crore, stated a media report.

The Rajasthan-based company will use the funds to expand its manufacturing and distribution to markets outside North India entering the fastest growing ready-to eat food market.

According to an investment banker who is aware of the development, "Lighthouse Funds has signed the agreement to invest in the company.”