.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent risk in Ujjain-based snack foods and also frosted meals provider Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Investment will definitely permit Bikaji to enrich its own frosted food items creation functionalities and also expand its market visibility, it mentioned." This key step not simply reinforces our capacity for export growth yet likewise supports our access in to the QSR sector. By combining Ariba's cutting edge creation abilities, our experts strive to enhance our frosted treats and savouries making," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as offers a range of treats as well as frosted meals including samosas, naans, parathas, and sugary foods under the InDine brand name. The provider likewise delivers contract production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes an interesting landmark for Ariba Foods. With our advanced manufacturing locations and also export knowledge, our experts are actually well-positioned to fulfill Bikaji's development demands. Our key area and state-of-the-art manufacturing functionalities are going to permit our team to drive considerable development in the icy food items group all together." Demanding Softshare functioned as the syndicator and expert for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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