.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent risk in Ujjain-based treats as well as frozen meals firm Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Assets is going to make it possible for Bikaji to enrich its own icy food items manufacturing capabilities and also expand its own market visibility, it pointed out." This critical technique certainly not only reinforces our capability for export development but also sustains our access in to the QSR sector. Through incorporating Ariba's modern manufacturing functionalities, our team target to enhance our frosted snack foods as well as savouries producing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also sells a range of treats and icy meals including samosas, naans, parathas, as well as sweets under the InDine brand. The firm additionally gives agreement manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement notes a fantastic breakthrough for Ariba Foods. Along with our enhanced development facilities and also export competence, our experts are actually well-positioned to meet Bikaji's manufacturing needs. Our important area as well as advanced production abilities are going to enable our team to steer considerable growth in the frosted food type with each other." Intensive Softshare served as the syndicator as well as consultant for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
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