Indian snack maker Bikaji Foods denies sale plans, expands market share through acquisitions.

Indian snack maker Bikaji Foods denies plans for sale amid investor interest in the Indian snacks market. The company, focusing on expanding its market share, has acquired stakes in Bhujialalji and Ariba Foods, and plans to make more acquisitions for distribution or frozen food market expansion. Bikaji, ranked third in Indian snacks brands, has a budget of 1-1.5 billion rupees for strategic acquisitions.

August 28, 2024
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