.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 percent risk in Ujjain-based snacks and frosted foods items firm Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Expenditure will definitely make it possible for Bikaji to boost its frosted food items development abilities and broaden its own market presence, it mentioned." This strategic action certainly not just reinforces our ability for export development but also supports our entry in to the QSR segment. By including Ariba's cutting edge production capabilities, our experts aim to boost our frozen snacks and savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also markets an assortment of snack foods and also frozen meals including samosas, naans, parathas, and sweets under the InDine brand. The firm additionally offers deal manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an amazing landmark for Ariba Foods. Along with our state-of-the-art development locations and also export know-how, our experts are well-positioned to satisfy Bikaji's production needs. Our important area and also cutting edge manufacturing capabilities will certainly allow our company to steer notable development in the frozen meals group all together." Intense Softshare functioned as the syndicator as well as expert for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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