.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 percent concern in Ujjain-based snacks as well as frosted meals provider Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Investment will certainly enable Bikaji to improve its icy meals development abilities as well as grow its own market existence, it claimed." This tactical action certainly not simply enhances our capability for export growth however additionally supports our entry into the QSR segment. Through combining Ariba's advanced creation capabilities, our company intend to improve our frosted treats and savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a range of snacks and frosted foods items like samosas, naans, parathas, as well as desserts under the InDine brand name. The business also offers agreement manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase marks a stimulating breakthrough for Ariba Foods. Along with our state-of-the-art manufacturing centers and also export skills, we are actually well-positioned to meet Bikaji's creation needs. Our key site as well as state-of-the-art production functionalities will permit our company to steer considerable development in the icy food group all together." Intensive Softshare worked as the syndicator and also specialist for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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