.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 per cent stake in Ujjain-based snacks as well as icy foods items provider Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Expenditure will certainly permit Bikaji to improve its frosted food production abilities as well as increase its own market existence, it pointed out." This important relocation certainly not simply boosts our ability for export development however likewise sustains our entrance into the QSR section. By incorporating Ariba's state-of-the-art production capacities, we intend to enrich our frosted treats and savouries producing," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also sells an assortment of treats and icy foods items such as samosas, naans, parathas, and also sugary foods under the InDine company. The firm also delivers contract manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks a thrilling landmark for Ariba Foods. With our enhanced creation facilities and also export know-how, our company are actually well-positioned to satisfy Bikaji's development requirements. Our tactical area and also advanced production abilities will certainly enable our company to drive considerable growth in the icy food items category with each other." Intensive Softshare worked as the syndicator and consultant for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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