.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent concern in Ujjain-based snacks as well as frosted meals business Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Investment is going to allow Bikaji to enrich its icy meals creation functionalities as well as expand its own market presence, it said." This tactical action certainly not just boosts our capability for export development however also sustains our entry into the QSR portion. Through integrating Ariba's cutting edge development capacities, our experts target to enrich our icy treats as well as savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a range of snacks and also icy meals like samosas, naans, parathas, as well as sugary foods under the InDine brand. The company additionally offers agreement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes an amazing milestone for Ariba Foods. With our sophisticated production resources and export skills, our experts are actually well-positioned to meet Bikaji's creation necessities. Our key place as well as advanced manufacturing capabilities will certainly enable us to drive substantial development in the icy meals classification together." Demanding Softshare served as the syndicator as well as consultant for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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