Bikaji Foods International acquires 55% stake in Ariba Foods for ₹60.49 crore.

Bikaji Foods International announced the acquisition of a 55% stake in Ariba Foods for ₹60.49 crore, turning Ariba Foods into a subsidiary of Bikaji. Ariba specializes in snacks and frozen foods, and the acquisition aims to boost Bikaji's frozen food production capabilities and expand its market presence. Ariba Foods will also support Bikaji's entry into the QSR segment and strengthen its capacity for export growth.

August 23, 2024
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