.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 per cent concern in Ujjain-based treats and also frosted foods items company Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Financial investment will certainly permit Bikaji to improve its frozen food items creation abilities and also extend its market presence, it claimed." This strategic move certainly not merely boosts our ability for export growth however additionally sustains our access in to the QSR sector. Through integrating Ariba's state-of-the-art manufacturing capacities, we strive to improve our frosted treats and savouries making," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and sells a variety of snacks and also frosted foods such as samosas, naans, parathas, as well as desserts under the InDine brand name. The company additionally offers deal manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes an exciting milestone for Ariba Foods. Along with our sophisticated development resources and export experience, our company are well-positioned to meet Bikaji's development demands. Our strategic site and also state-of-the-art manufacturing capacities are going to enable us to drive notable development in the frozen food items category with each other." Extensive Softshare acted as the syndicator as well as expert for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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