.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent risk in Ujjain-based snack foods and also icy foods company Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Financial investment will definitely enable Bikaji to enrich its own frozen food items manufacturing functionalities and also grow its own market presence, it pointed out." This calculated move certainly not merely strengthens our capability for export growth yet additionally sustains our access into the QSR section. By including Ariba's cutting edge manufacturing functionalities, our experts intend to boost our frozen treats as well as savouries producing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and markets an assortment of treats as well as icy meals such as samosas, naans, parathas, as well as sweets under the InDine brand. The firm additionally offers agreement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition notes an amazing turning point for Ariba Foods. With our advanced manufacturing facilities and export expertise, we are well-positioned to meet Bikaji's production demands. Our calculated site and also modern production capabilities will certainly permit our company to drive notable growth in the frozen meals type all together." Demanding Softshare worked as the syndicator as well as expert for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
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