.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per cent stake in Ujjain-based snack foods and frozen foods items business Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Financial investment is going to permit Bikaji to enrich its icy food creation capacities as well as broaden its market visibility, it said.” This calculated step not only boosts our ability for export growth however also assists our entrance right into the QSR segment. Through incorporating Ariba’s advanced creation functionalities, we target to improve our frosted snacks and savouries producing,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods produces and also offers an assortment of snack foods and frozen foods items such as samosas, naans, parathas, as well as sugary foods under the InDine brand name. The company likewise provides deal manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, “This purchase marks a thrilling breakthrough for Ariba Foods.
Along with our state-of-the-art production resources as well as export knowledge, our team are actually well-positioned to comply with Bikaji’s creation requirements. Our tactical location and also cutting edge production functionalities will permit our team to drive substantial development in the icy meals classification with each other.” Extensive Softshare acted as the syndicator and also consultant for the bargain. Published On Aug 23, 2024 at 02:25 PM IST.
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