Bikaji Foods International has completed the acquisition of 55% of total issued and paid-up equity share capital in Ariba Foods on September 04, 2024. Subsequent to the completion of the transaction, Ariba Foods has become a Subsidiary of the Company with effect from September 04, 2024.
This acquisition is a part of overall strategy to develop and expand Frozen snacks and sweets business of the company both in India and global. The company will partly shift its current Frozen snacks and savories manufacturing to the Ariba Foods’ manufacturing facility located at Ujjain, Madhya Pradesh. This strategic decision will also strengthen its Quick Service Restaurant (QSR) business by integrating comprehensive back end operational support from Ariba Foods.
The business of the Ariba Foods is not outside the main line of business of the Company. This acquisition will enhance its backward integration and securing control over the supply of Frozen Food.
Bikaji Foods International is the largest manufacturer of Bikaneri bhujia, packaged rasgulla, soan papdi and gulab jamun.
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