.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent concern in Ujjain-based snack foods and frozen foods business Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Investment will definitely enable Bikaji to enrich its own frozen food production capacities and also extend its market presence, it claimed." This important technique certainly not only strengthens our ability for export development but likewise sustains our entry right into the QSR segment. By combining Ariba's advanced manufacturing abilities, our team target to improve our frosted snacks as well as savouries creating," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as offers a range of snack foods as well as frosted foods including samosas, naans, parathas, and sweets under the InDine label. The company likewise delivers deal production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition notes an impressive milestone for Ariba Foods. Along with our advanced production centers and export know-how, our experts are well-positioned to meet Bikaji's production requirements. Our key site as well as modern manufacturing abilities will certainly permit us to drive significant growth in the frozen food items group with each other." Intense Softshare served as the syndicator and also expert for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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