.Rep ImageNew Delhi: Bikaji Foods has obtained a 55 percent concern in Ujjain-based treats and also frosted foods items provider Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Investment will permit Bikaji to boost its frosted food items development abilities and also increase its own market presence, it stated." This tactical action certainly not simply enhances our capability for export growth however additionally assists our access in to the QSR section. By combining Ariba's modern production abilities, our experts intend to enrich our icy snack foods as well as savouries manufacturing," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also offers a selection of treats and frozen foods such as samosas, naans, parathas, and desserts under the InDine company. The business likewise supplies agreement manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase marks an exciting breakthrough for Ariba Foods. With our state-of-the-art development resources as well as export skills, our experts are well-positioned to meet Bikaji's production necessities. Our critical site and also state-of-the-art manufacturing abilities will certainly permit us to drive notable development in the frosted food classification together." Intensive Softshare worked as the syndicator as well as expert for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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