.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent risk in Ujjain-based snack foods and frosted foods provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Expenditure will permit Bikaji to enhance its frosted food items manufacturing capacities as well as broaden its own market presence, it claimed." This strategic move not simply reinforces our ability for export development but additionally assists our entrance right into the QSR segment. Through including Ariba's advanced manufacturing capacities, our company strive to improve our frosted snacks and also savouries producing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and offers a selection of treats as well as frosted foods items like samosas, naans, parathas, and also sugary foods under the InDine brand. The provider likewise delivers agreement manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition notes an exciting milestone for Ariba Foods. Along with our enhanced manufacturing facilities and export experience, our company are actually well-positioned to meet Bikaji's development demands. Our strategic place as well as state-of-the-art manufacturing capacities will definitely enable our company to steer notable development in the frozen food classification all together." Extensive Softshare acted as the syndicator and also advisor for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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