.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent concern in Ujjain-based snack foods and also icy meals business Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Investment will make it possible for Bikaji to enrich its own frozen food creation functionalities and grow its own market presence, it claimed." This critical step certainly not simply enhances our capacity for export growth yet likewise sustains our entrance right into the QSR portion. By incorporating Ariba's cutting edge creation abilities, we intend to improve our frosted treats as well as savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also offers a variety of snack foods as well as icy foods including samosas, naans, parathas, and also sugary foods under the InDine label. The provider also supplies contract manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes a fantastic landmark for Ariba Foods. With our advanced development centers as well as export skills, our experts are actually well-positioned to comply with Bikaji's creation needs. Our strategic location and state-of-the-art manufacturing capacities are going to allow us to drive substantial development in the icy food items classification together." Intensive Softshare acted as the syndicator and specialist for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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