Bikaji Foods International Limited (BFIL) has announced a strategic move to acquire a 55% stake in Ariba Foods Private Limited, an established FMCG company. The acquisition, valued at ₹60.49 crore, is set to significantly bolster BFIL’s footprint in the frozen snacks and sweets market, both in India and internationally, while also enhancing its quick-service restaurant (QSR) operations.
This investment marks a major step for BFIL in expanding its product offerings and market reach. By integrating Ariba Foods into its portfolio, BFIL aims to tap into the growing demand for high-quality frozen food products and sweets, catering to both domestic and global markets.
Ariba Foods, headquartered in Indore, Madhya Pradesh, is known for its diverse range of FMCG products. The company has an authorized share capital of ₹50 crore, divided into 5 crore equity shares valued at ₹10 each. With a paid-up share capital of ₹16.83 crore and a turnover of ₹38.43 crore for the financial year ending March 31, 2023, Ariba Foods has established itself as a significant player in the market.
The acquisition is expected to be completed within 90 days, following the terms outlined in a Share Subscription Agreement between BFIL and Ariba Foods. This agreement details the conditions under which BFIL will acquire equity shares equivalent to 55% of the total issued and paid-up equity capital of Ariba Foods, effectively making it a subsidiary of BFIL.
This strategic investment aligns with BFIL’s broader goals of diversifying its product line and strengthening its position in the competitive FMCG sector.
