.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent risk in Ujjain-based snacks and also frosted foods company Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Expenditure will certainly make it possible for Bikaji to enrich its frosted food items production capacities and also expand its own market existence, it claimed." This tactical step not just reinforces our capacity for export growth but likewise sustains our entrance right into the QSR segment. By incorporating Ariba's advanced manufacturing capacities, our team aim to boost our frozen snacks and savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and sells a wide array of snacks and also frosted foods items including samosas, naans, parathas, and sweets under the InDine brand name. The company additionally gives agreement production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase notes an interesting landmark for Ariba Foods. Along with our advanced manufacturing resources and export experience, our company are actually well-positioned to comply with Bikaji's development needs. Our key area and also cutting edge manufacturing abilities will certainly enable us to steer considerable development in the frozen food category all together." Intense Softshare served as the syndicator and also consultant for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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