.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent concern in Ujjain-based snacks and icy foods items company Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Financial investment will certainly enable Bikaji to enrich its frozen food manufacturing abilities and grow its market visibility, it claimed." This tactical technique not merely strengthens our capability for export development but also supports our entry in to the QSR sector. Through combining Ariba's state-of-the-art manufacturing abilities, we aim to boost our icy snack foods and savouries making," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as offers an assortment of snacks and icy foods like samosas, naans, parathas, and desserts under the InDine label. The provider likewise supplies arrangement production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition notes an exciting turning point for Ariba Foods. Along with our state-of-the-art production resources as well as export know-how, our experts are actually well-positioned to comply with Bikaji's production requirements. Our strategic location as well as cutting edge production capacities will enable us to drive significant growth in the frozen food classification with each other." Extensive Softshare worked as the syndicator and also advisor for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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