.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent risk in Ujjain-based snacks and also icy foods provider Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Financial investment will certainly enable Bikaji to boost its frozen food items development capabilities and also extend its own market presence, it stated." This calculated step not only boosts our capability for export development yet likewise sustains our access right into the QSR portion. By including Ariba's advanced creation functionalities, our experts intend to improve our icy treats and savouries making," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as sells a variety of snack foods and frozen foods items like samosas, naans, parathas, and sweets under the InDine company. The firm additionally delivers contract production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase denotes an amazing landmark for Ariba Foods. With our enhanced creation facilities as well as export experience, our experts are actually well-positioned to satisfy Bikaji's production demands. Our key site as well as state-of-the-art manufacturing capacities will permit our company to steer significant development in the frosted meals category all together." Demanding Softshare worked as the syndicator as well as specialist for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
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