.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent concern in Ujjain-based snack foods as well as frosted foods items firm Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Financial investment will definitely allow Bikaji to enhance its icy food manufacturing functionalities as well as grow its market presence, it pointed out." This calculated technique certainly not only reinforces our capability for export development but additionally sustains our entry right into the QSR segment. Through incorporating Ariba's state-of-the-art development capabilities, our experts intend to boost our icy snacks and savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also markets an assortment of snack foods and also frozen foods items such as samosas, naans, parathas, and sugary foods under the InDine brand name. The provider also gives arrangement production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks an interesting breakthrough for Ariba Foods. Along with our innovative manufacturing facilities as well as export skills, our experts are well-positioned to fulfill Bikaji's creation necessities. Our critical site and modern production capabilities will enable us to steer significant growth in the frozen meals classification with each other." Extensive Softshare served as the syndicator and also consultant for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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