.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent risk in Ujjain-based snack foods as well as frozen foods items provider Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Expenditure will make it possible for Bikaji to enhance its frosted food creation functionalities and also extend its own market presence, it mentioned." This important relocation certainly not only reinforces our ability for export development but additionally supports our access right into the QSR section. Through incorporating Ariba's modern development capacities, we aim to boost our frosted snack foods and savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and sells a range of treats as well as frosted foods items including samosas, naans, parathas, and also sweets under the InDine brand name. The provider likewise delivers agreement production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks a fantastic breakthrough for Ariba Foods. Along with our state-of-the-art production centers and also export skills, our company are well-positioned to satisfy Bikaji's production requirements. Our calculated area as well as cutting edge production capabilities will certainly allow our company to drive substantial growth in the frozen meals type all together." Extensive Softshare functioned as the syndicator and advisor for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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