Sunil Singhania-Backed Abakkus Venture Opportunities Fund Acquires 6,08,400 Equity Shares in This Small-Cap Stock via Bulk Deal; Share Price Jumps 6%

On Friday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 30.55 points, or 0.13 per cent, to 24,347.70. Amid the positive market sentiment, Baikakaji Foods share price jumped 6.21 per cent to Rs 254.90 after Abakkus Venture Opportunities Fund acquired shares in the company through a bulk deal on the BSE.

Bulk Deal Details

According to the bulk deal data available on the BSE, Abakkus Venture Opportunities Fund purchased 6,08,400 equity shares of Baikakaji Foods at an average price of Rs 200.34 per share.

On the selling side, Tiger Strategies Fund-I sold 1,08,000 shares, while Sanjay Popatlal Jain offloaded 3,42,000 shares, both at an average price of Rs 200 per share.

Shareholding Pattern

As of the March 2026 quarter, the company's promoter holding increased to 74.07 per cent from 73.58 per cent in the December 2025 quarter. During the same period, FII holding declined to 2.42 per cent from 2.77 per cent, while DII holding decreased to 7.76 per cent from 11.09 per cent. Public shareholding increased to 15.75 per cent from 12.56 per cent.

Sharp Decline in Borrowings

Baikakaji Foods has strengthened its balance sheet by significantly reducing debt. Borrowings declined sharply by around 71 per cent to Rs 32 crore in FY26 from Rs 109 crore in FY25, resulting in improved financial discipline and a stronger capital structure.

The company's reserves also increased substantially to Rs 154 crore in FY26 from Rs 51 crore a year earlier, while total assets rose to Rs 235 crore from Rs 204 crore.
Also Read - FII & DII Stake Increases in This Pharma Major As Company Reports 55% Revenue Growth in Q1FY27; India Business Delivers 19% Organic Growth

About Abakkus Venture Opportunities Fund

Abakkus Venture Opportunities Fund is an investment vehicle associated with Abakkus Asset Manager, the alpha-focused boutique asset management firm founded by veteran investor Sunil Singhania. The fund actively invests in promising listed companies through strategic market transactions, including bulk deals on Indian stock exchanges.

About Baikakaji Foods

Baikakaji Foods Limited is engaged in the manufacturing and marketing of packaged food products, including namkeen, snacks, sweets and other ready-to-eat food items. The company has established a growing presence across domestic and international markets through an expanding distribution network.

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Disclaimer: The article is for informational purposes only and not investment advice.