.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent concern in Ujjain-based treats and frosted meals business Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Expenditure will allow Bikaji to enrich its own frosted meals creation functionalities as well as increase its own market presence, it claimed." This tactical step not merely boosts our capacity for export development yet also assists our entrance in to the QSR portion. Through incorporating Ariba's advanced development capabilities, our team strive to improve our frozen snack foods as well as savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as offers a selection of treats and also icy foods including samosas, naans, parathas, as well as sugary foods under the InDine brand name. The business also supplies deal production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes a thrilling milestone for Ariba Foods. Along with our innovative production facilities and export experience, our company are actually well-positioned to fulfill Bikaji's creation demands. Our calculated site and also state-of-the-art manufacturing capacities are going to allow our team to steer significant growth in the icy food type with each other." Intensive Softshare served as the syndicator and advisor for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
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