.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 percent risk in Ujjain-based snacks as well as frozen foods items firm Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Assets will certainly make it possible for Bikaji to boost its own frozen food items manufacturing capacities and also expand its market presence, it pointed out." This calculated action certainly not just reinforces our capacity for export growth but likewise supports our entrance right into the QSR portion. Through including Ariba's cutting edge development abilities, we aim to enrich our icy snack foods and savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a wide array of snack foods and frosted foods like samosas, naans, parathas, as well as sweets under the InDine brand name. The firm likewise supplies arrangement production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement denotes a thrilling milestone for Ariba Foods. Along with our enhanced manufacturing facilities and also export experience, our experts are actually well-positioned to satisfy Bikaji's development necessities. Our critical location and state-of-the-art production abilities will allow us to drive significant growth in the icy meals classification all together." Demanding Softshare acted as the syndicator and specialist for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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