.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 per cent risk in Ujjain-based treats and also icy meals provider Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Financial investment will allow Bikaji to improve its own frozen meals manufacturing functionalities and also expand its own market visibility, it stated." This critical action certainly not merely reinforces our capability for export development but also assists our entry right into the QSR portion. Through incorporating Ariba's cutting edge manufacturing capabilities, our experts strive to enhance our frozen snack foods and savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a wide array of snack foods as well as icy foods items like samosas, naans, parathas, and also sugary foods under the InDine brand name. The company also offers arrangement production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition marks an interesting landmark for Ariba Foods. With our innovative development resources and also export experience, we are actually well-positioned to satisfy Bikaji's production requirements. Our key site and also modern production capabilities will definitely allow us to drive considerable development in the frosted food category all together." Intense Softshare acted as the syndicator and specialist for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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