.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent concern in Ujjain-based snack foods as well as icy foods items provider Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Investment will certainly make it possible for Bikaji to enrich its frozen meals creation abilities and also expand its market visibility, it stated." This important step certainly not simply reinforces our ability for export development yet additionally sustains our entry into the QSR sector. Through integrating Ariba's state-of-the-art production functionalities, our team strive to enhance our frozen snack foods and savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and markets a range of snacks and frozen meals like samosas, naans, parathas, as well as sweets under the InDine brand. The company likewise provides contract manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement marks an amazing turning point for Ariba Foods. With our state-of-the-art development centers and also export skills, our team are well-positioned to satisfy Bikaji's development demands. Our tactical place as well as state-of-the-art production capacities will definitely permit our company to drive substantial development in the icy meals category all together." Extensive Softshare functioned as the syndicator as well as consultant for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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