.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 percent risk in Ujjain-based snack foods as well as frosted foods items business Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Assets is going to make it possible for Bikaji to boost its own frosted meals manufacturing capacities and also broaden its market presence, it mentioned." This strategic action certainly not simply reinforces our ability for export growth yet also sustains our entry into the QSR portion. Through including Ariba's state-of-the-art creation capabilities, we aim to improve our icy snack foods and savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and offers a selection of treats as well as frozen meals such as samosas, naans, parathas, as well as sweets under the InDine brand. The business additionally delivers deal production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase notes a stimulating turning point for Ariba Foods. With our state-of-the-art development locations and also export skills, we are well-positioned to comply with Bikaji's development requirements. Our important area and cutting edge production abilities are going to enable us to drive notable growth in the icy food type with each other." Intense Softshare worked as the syndicator and also expert for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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