Bikaji Foods Completes Acquisition of 55% Stake in Ariba Foods for Rs. 60.49 Crores

Bikaji Foods International Ltd. has completed the acquisition of 55% of the total issued and paid-up equity share capital in Ariba Foods Private Limited. The transaction, valued at Rs. 60.49 crores, was approved by the Board of Directors on August 23, 2024, and the acquisition was completed on September 4, 2024. Ariba Foods has now become a subsidiary of Bikaji Foods. The disclosure required under Regulation 30 of the Listing Regulations was made in a letter dated August 23, 2024, and is available on the company's website.