.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent risk in Ujjain-based snack foods and frosted meals firm Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Expenditure will make it possible for Bikaji to enhance its frosted food manufacturing abilities and also increase its market visibility, it said." This calculated relocation certainly not just boosts our capability for export development yet additionally assists our entry right into the QSR sector. By integrating Ariba's modern creation capabilities, we target to enrich our icy snacks as well as savouries making," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also offers a wide array of treats and also frosted foods such as samosas, naans, parathas, as well as desserts under the InDine company. The firm also supplies deal manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes a thrilling milestone for Ariba Foods. With our enhanced manufacturing locations as well as export experience, our experts are actually well-positioned to fulfill Bikaji's creation demands. Our important location and advanced production capabilities will certainly enable our company to drive notable development in the frozen food items category together." Intensive Softshare served as the syndicator as well as specialist for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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