.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 percent risk in Ujjain-based snack foods as well as frosted foods business Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Expenditure will enable Bikaji to enrich its own icy food items development functionalities and also expand its market presence, it said." This calculated action certainly not only boosts our capacity for export development yet likewise assists our entry into the QSR portion. By incorporating Ariba's state-of-the-art creation capacities, we strive to enhance our icy snacks and also savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also markets an assortment of treats and also frozen foods such as samosas, naans, parathas, as well as desserts under the InDine label. The business also offers arrangement manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase notes a stimulating turning point for Ariba Foods. With our enhanced manufacturing facilities and export competence, our experts are well-positioned to fulfill Bikaji's creation necessities. Our key place and also advanced production capabilities will definitely allow our company to drive significant development in the frosted food items category together." Intensive Softshare functioned as the syndicator and consultant for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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