.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 per cent concern in Ujjain-based snacks and also frosted foods business Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Financial investment will make it possible for Bikaji to enhance its own frosted food development functionalities as well as expand its market visibility, it mentioned." This tactical relocation not merely boosts our capacity for export growth however likewise sustains our entry right into the QSR portion. By incorporating Ariba's state-of-the-art manufacturing capacities, our team aim to enhance our frosted snack foods as well as savouries manufacturing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as sells a selection of snack foods and frozen foods items including samosas, naans, parathas, as well as sweets under the InDine brand. The company additionally provides deal production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition notes an impressive milestone for Ariba Foods. With our enhanced production centers as well as export knowledge, we are well-positioned to fulfill Bikaji's manufacturing needs. Our important area and advanced manufacturing functionalities are going to permit us to steer notable development in the frozen meals type together." Intense Softshare functioned as the syndicator as well as specialist for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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