.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 percent concern in Ujjain-based treats as well as frozen meals firm Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Expenditure is going to permit Bikaji to improve its own icy food items creation capacities as well as grow its market visibility, it stated." This key relocation certainly not only reinforces our capacity for export growth yet also sustains our entrance into the QSR portion. By incorporating Ariba's modern production abilities, our team target to boost our frosted snack foods and savouries manufacturing," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as markets a range of snacks and also icy foods like samosas, naans, parathas, and also sweets under the InDine brand. The provider also delivers arrangement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks an exciting breakthrough for Ariba Foods. With our sophisticated production locations and also export competence, our experts are well-positioned to meet Bikaji's development requirements. Our important area as well as cutting edge manufacturing abilities will definitely allow our team to drive considerable development in the frozen food items group together." Intensive Softshare functioned as the syndicator and specialist for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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