.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent concern in Ujjain-based treats as well as icy foods firm Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Investment is going to make it possible for Bikaji to enhance its icy food manufacturing capacities and also broaden its market presence, it mentioned." This critical technique not merely reinforces our ability for export growth but also sustains our entrance into the QSR segment. By incorporating Ariba's state-of-the-art development abilities, we target to boost our frosted snack foods and also savouries manufacturing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also offers a variety of snack foods and also frozen foods items like samosas, naans, parathas, and sweets under the InDine company. The provider likewise delivers arrangement production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement marks a stimulating landmark for Ariba Foods. With our state-of-the-art creation resources and also export experience, our experts are actually well-positioned to comply with Bikaji's creation demands. Our critical location and modern manufacturing capacities are going to enable our team to drive substantial development in the frozen meals group with each other." Intense Softshare functioned as the syndicator as well as advisor for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
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