.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent risk in Ujjain-based treats as well as frozen foods business Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Assets will permit Bikaji to enrich its own frosted food items creation capabilities as well as broaden its market presence, it mentioned." This important move not simply reinforces our ability for export growth but likewise assists our access into the QSR segment. By including Ariba's state-of-the-art creation abilities, our team strive to enrich our frosted snacks and savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and markets a wide array of snacks as well as icy meals such as samosas, naans, parathas, and sugary foods under the InDine brand name. The business additionally supplies contract manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes an amazing turning point for Ariba Foods. Along with our innovative creation locations and export competence, our company are actually well-positioned to meet Bikaji's creation requirements. Our strategic site and cutting edge manufacturing abilities will certainly enable our team to drive considerable growth in the icy food group with each other." Extensive Softshare worked as the syndicator and advisor for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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