.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent concern in Ujjain-based snack foods and icy foods items firm Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Assets will make it possible for Bikaji to enrich its frozen food items development capacities and also expand its own market visibility, it said." This key action certainly not just boosts our ability for export growth yet also assists our entry in to the QSR portion. By incorporating Ariba's modern manufacturing capacities, our experts intend to boost our frosted treats as well as savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and sells a wide array of treats and also frozen meals including samosas, naans, parathas, and sugary foods under the InDine brand. The business additionally delivers deal production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an exciting turning point for Ariba Foods. With our sophisticated production locations and export proficiency, our experts are actually well-positioned to comply with Bikaji's production demands. Our critical site as well as modern production abilities will enable us to steer significant development in the frozen meals category all together." Intense Softshare worked as the syndicator and also expert for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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