.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent concern in Ujjain-based snack foods and frosted meals company Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Assets will certainly make it possible for Bikaji to enhance its frozen food items development abilities and also increase its own market existence, it stated." This calculated technique certainly not merely boosts our ability for export growth but additionally supports our access into the QSR sector. By including Ariba's advanced manufacturing capabilities, our company intend to enrich our icy snack foods and also savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as sells an assortment of snacks and also frozen foods such as samosas, naans, parathas, and sugary foods under the InDine label. The company also delivers contract manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks a stimulating landmark for Ariba Foods. With our advanced development locations as well as export skills, our experts are actually well-positioned to comply with Bikaji's creation needs. Our important place as well as state-of-the-art production capacities will definitely enable our team to drive substantial development in the frosted meals category with each other." Intensive Softshare functioned as the syndicator as well as specialist for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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