.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent risk in Ujjain-based snack foods and frosted foods items business Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Expenditure is going to permit Bikaji to boost its own frosted meals creation functionalities and also expand its own market presence, it mentioned." This calculated move certainly not simply strengthens our ability for export development but additionally sustains our access in to the QSR segment. Through incorporating Ariba's advanced creation abilities, we strive to improve our icy treats and savouries producing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also markets a selection of snacks and also frozen meals such as samosas, naans, parathas, and also desserts under the InDine company. The provider likewise delivers agreement production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes a stimulating breakthrough for Ariba Foods. Along with our enhanced manufacturing centers and also export expertise, our experts are well-positioned to meet Bikaji's development demands. Our key site and modern production capacities will enable our team to drive substantial growth in the icy meals classification all together." Extensive Softshare acted as the syndicator as well as consultant for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
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