.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 percent concern in Ujjain-based treats and also frosted foods items company Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Expenditure will enable Bikaji to boost its own frosted food items development capacities as well as extend its market existence, it pointed out." This important relocation certainly not only boosts our ability for export development however likewise supports our entry right into the QSR segment. By including Ariba's modern production functionalities, we strive to enrich our icy snacks as well as savouries producing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as sells a range of snack foods as well as icy foods items like samosas, naans, parathas, and desserts under the InDine label. The company likewise provides arrangement manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition notes a stimulating breakthrough for Ariba Foods. With our advanced creation locations and also export know-how, we are actually well-positioned to meet Bikaji's manufacturing requirements. Our strategic site and modern manufacturing capacities will certainly enable our team to drive notable growth in the icy food category all together." Demanding Softshare served as the syndicator and expert for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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