.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent concern in Ujjain-based snacks and frosted foods items provider Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Financial investment will definitely permit Bikaji to enrich its frozen meals production functionalities as well as increase its market existence, it claimed." This strategic action not just enhances our ability for export development but additionally supports our entrance into the QSR segment. By incorporating Ariba's state-of-the-art manufacturing abilities, our team target to enrich our icy snacks as well as savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as markets a selection of snack foods and icy foods items including samosas, naans, parathas, and sweets under the InDine brand name. The business additionally delivers arrangement manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes an exciting turning point for Ariba Foods. With our enhanced development locations as well as export knowledge, our team are well-positioned to fulfill Bikaji's development necessities. Our calculated site and state-of-the-art manufacturing functionalities will certainly permit us to drive substantial development in the frosted food group all together." Intense Softshare functioned as the syndicator and also advisor for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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