.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 per cent risk in Ujjain-based snack foods and icy meals business Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Expenditure will certainly enable Bikaji to boost its frozen food creation capacities and grow its own market existence, it stated." This tactical relocation certainly not only enhances our capability for export growth yet additionally sustains our access right into the QSR sector. By incorporating Ariba's modern manufacturing abilities, our company intend to boost our frozen snack foods as well as savouries manufacturing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as offers an assortment of snacks and also frozen foods items like samosas, naans, parathas, as well as desserts under the InDine company. The provider likewise delivers arrangement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement notes an amazing breakthrough for Ariba Foods. Along with our state-of-the-art development resources and also export knowledge, our company are well-positioned to meet Bikaji's development needs. Our critical place and also advanced manufacturing abilities are going to allow our company to steer notable development in the icy food items classification with each other." Extensive Softshare functioned as the syndicator as well as advisor for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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