Bikaji Foods International Ltd is set to acquire a 55% stake in Indore-based Ariba Foods for ₹60.49 crore. This move is expected to be finalized within 90 days.
The acquisition will make Ariba Foods a subsidiary of Bikaji Foods. The deal aims to enhance Bikaji’s control over the supply of frozen food and strengthen its Quick Service Restaurant (QSR) business. Bikaji Foods plans to shift some of its frozen snacks production to Ariba’s facility in Ujjain, Madhya Pradesh, integrating comprehensive operational support into its business strategy.