Bikaji Foods International Ltd Acquires Ariba Foods for 60.49 Crore, Expanding Frozen Snacks and QSR Business

Bikaji Foods International Ltd (BFIL) has approved a strategic investment of 60.49 Crore in Ariba Foods Private Limited for the acquisition of 55% of its total issued and paid-up equity share capital. This acquisition is a part of BFIL's overall strategy to develop and expand its Frozen snacks and sweets business in India and globally. Ariba Foods, with its manufacturing facility in Ujjain, Madhya Pradesh, will provide comprehensive back-end operational support to BFIL's Quick Service Restaurant (QSR) business. After the acquisition, Ariba Foods will become a subsidiary of BFIL.