Bikaji Foods International acquires 55% stake in Ariba Foods Private Limited

Bikaji Foods International Ltd. has announced the acquisition of a 55% equity stake in Ariba Foods Private Limited, a leading Ujjain-based company specializing in snacks and frozen foods, including samosas, naans, parathas, and sweets. This strategic investment, totaling ₹60.49 crores, will enable Bikaji to enhance its frozen food production capabilities and expand its market presence.

"We are thrilled to announce our acquisition of a 55% stake in Ariba Foods Private Limited," said Mr. Deepak Agarwal, Managing Director of Bikaji Foods International Limited. "This strategic move not only strengthens our capacity for export growth but also supports our entry into the QSR segment. By integrating Ariba's state-of-the-art production capabilities, we aim to enhance our frozen snacks and savouries manufacturing."

Mr. Gaurav Baheti, Promoter of Ariba Foods Private Limited, remarked, "This acquisition marks an exciting milestone for Ariba Foods. With our advanced production facilities and export expertise, we are well-positioned to meet Bikaji's production needs. Our strategic location and state-of-the-art manufacturing capabilities will enable us to drive significant growth in the frozen food category together."

The acquisition comes at a pivotal moment as the frozen food sector experiences rapid growth driven by technological advancements. With a positive growth perspective, the industry is set to leverage these innovations to meet increasing consumer demand and expand its market presence.

Intensive Softshare Private Limited, a Mumbai based investor with strong focus in the Indian consumer industry is the sole syndicator and advisor to the deal.

Shares of Bikaji Foods International Limited was last trading in BSE at Rs. 853.90 as compared to the previous close of Rs. 855.45. The total number of shares traded during the day was 15653 in over 1012 trades.

The stock hit an intraday high of Rs. 858.00 and intraday low of 843.95. The net turnover during the day was Rs. 13325553.00.

Source : Equity Bulls

Keywords

BikajiFoodsInternational INE00E101023 PackagedFoods Acquisition AribaFoods