.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 per cent risk in Ujjain-based snacks and also frozen meals business Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Expenditure will definitely enable Bikaji to improve its frosted food items production capacities as well as increase its own market visibility, it pointed out." This important technique not just boosts our capability for export development however also assists our access into the QSR sector. By incorporating Ariba's cutting edge development capabilities, our team aim to improve our frosted snacks and also savouries making," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as offers an assortment of snacks and frozen foods including samosas, naans, parathas, as well as sugary foods under the InDine company. The business also provides contract manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition denotes an interesting turning point for Ariba Foods. Along with our innovative production resources and export proficiency, our company are well-positioned to satisfy Bikaji's creation requirements. Our calculated site as well as cutting edge production capacities will definitely enable our team to steer substantial development in the icy food items type all together." Extensive Softshare worked as the syndicator as well as consultant for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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