.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent concern in Ujjain-based snacks and also frosted meals firm Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Assets is going to allow Bikaji to enrich its own icy meals production abilities as well as expand its market presence, it pointed out." This important step certainly not simply strengthens our ability for export development yet also supports our access right into the QSR segment. Through combining Ariba's advanced development capabilities, our team aim to enhance our frosted snack foods and also savouries making," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also sells a variety of treats and frozen foods items including samosas, naans, parathas, and desserts under the InDine label. The company additionally delivers deal production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition marks a stimulating turning point for Ariba Foods. With our innovative creation locations and also export knowledge, our company are well-positioned to fulfill Bikaji's manufacturing requirements. Our tactical area and modern manufacturing abilities are going to enable our team to drive substantial growth in the icy meals category together." Intensive Softshare functioned as the syndicator and also advisor for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
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