.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent concern in Ujjain-based snacks as well as frosted foods items firm Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Expenditure will allow Bikaji to enhance its icy food items production capabilities and also increase its own market presence, it pointed out." This tactical action not just enhances our capacity for export development yet likewise assists our access into the QSR section. Through integrating Ariba's state-of-the-art manufacturing functionalities, our experts intend to enrich our frozen treats and also savouries manufacturing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and markets a variety of snacks and also frosted foods items like samosas, naans, parathas, as well as sweets under the InDine brand. The company likewise supplies deal manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition marks a thrilling landmark for Ariba Foods. Along with our sophisticated manufacturing locations as well as export know-how, our experts are actually well-positioned to satisfy Bikaji's development needs. Our important area and also state-of-the-art production capacities are going to enable our company to drive substantial growth in the icy food items group together." Intense Softshare acted as the syndicator as well as specialist for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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