.Rep ImageNew Delhi: Bikaji Foods has obtained a 55 per cent concern in Ujjain-based snack foods and also frozen meals company Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Investment will enable Bikaji to boost its frosted food items manufacturing functionalities and expand its own market visibility, it mentioned.” This tactical relocation certainly not only strengthens our capability for export growth but likewise assists our entrance in to the QSR sector. Through including Ariba’s cutting edge production capabilities, our company aim to enrich our frosted treats and savouries making,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and markets a selection of snack foods and frosted foods items such as samosas, naans, parathas, and sugary foods under the InDine brand. The firm additionally supplies arrangement production services. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase denotes an impressive turning point for Ariba Foods.
With our state-of-the-art creation locations as well as export knowledge, we are well-positioned to meet Bikaji’s production demands. Our calculated area and also advanced production functionalities will definitely allow our team to drive substantial development in the icy food items group all together.” Intensive Softshare served as the syndicator and also advisor for the deal. Posted On Aug 23, 2024 at 02:25 PM IST.
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