.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 percent risk in Ujjain-based snack foods and also frozen foods items firm Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Financial investment is going to permit Bikaji to boost its frosted food development functionalities and broaden its market presence, it said." This key action not only strengthens our ability for export development yet also assists our entry right into the QSR segment. Through incorporating Ariba's advanced creation abilities, our company intend to boost our frosted snacks and savouries making," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as markets a variety of treats and frozen foods including samosas, naans, parathas, and also sugary foods under the InDine brand name. The company likewise offers agreement manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase marks an interesting turning point for Ariba Foods. Along with our sophisticated creation facilities as well as export expertise, our experts are well-positioned to comply with Bikaji's manufacturing requirements. Our critical site and also modern manufacturing functionalities will permit our company to drive notable growth in the frosted food type together." Extensive Softshare served as the syndicator and also specialist for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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