.Rep ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent risk in Ujjain-based snacks and also frozen foods items business Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Financial investment will certainly permit Bikaji to improve its own frosted meals manufacturing capacities and also expand its market presence, it pointed out." This key technique certainly not just enhances our capacity for export growth but also sustains our access into the QSR sector. By incorporating Ariba's state-of-the-art development abilities, we strive to boost our frozen snacks as well as savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and offers an assortment of snacks as well as frozen meals such as samosas, naans, parathas, and also sugary foods under the InDine brand. The firm also provides arrangement production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase denotes an interesting breakthrough for Ariba Foods. With our innovative manufacturing resources and export experience, our team are well-positioned to comply with Bikaji's creation requirements. Our strategic area as well as state-of-the-art production functionalities will definitely permit our team to drive considerable growth in the icy meals category with each other." Intensive Softshare functioned as the syndicator and also specialist for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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