.Rep ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent risk in Ujjain-based snacks as well as frozen foods company Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Financial investment will permit Bikaji to boost its icy food manufacturing capabilities and also grow its market visibility, it mentioned." This strategic action certainly not merely reinforces our ability for export growth yet likewise sustains our entrance into the QSR portion. By integrating Ariba's state-of-the-art creation capabilities, our company aim to boost our icy treats and also savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as markets a wide array of treats and icy foods items including samosas, naans, parathas, as well as sweets under the InDine company. The business likewise provides agreement manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes an impressive milestone for Ariba Foods. Along with our enhanced production centers as well as export know-how, our experts are actually well-positioned to comply with Bikaji's manufacturing necessities. Our key place and also cutting edge manufacturing functionalities will certainly permit us to drive substantial growth in the icy food group all together." Demanding Softshare worked as the syndicator as well as consultant for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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