.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 per-cent risk in Ujjain-based snack foods and frozen foods items company Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Investment will definitely allow Bikaji to boost its frosted food development abilities as well as expand its market visibility, it stated." This critical relocation certainly not merely strengthens our capability for export development but likewise supports our entrance right into the QSR sector. Through integrating Ariba's cutting edge production capabilities, we intend to improve our frosted treats as well as savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and sells a selection of snack foods and also frosted foods including samosas, naans, parathas, as well as sweets under the InDine company. The provider additionally delivers deal production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition marks an interesting landmark for Ariba Foods. Along with our advanced creation resources and export know-how, our experts are well-positioned to comply with Bikaji's production necessities. Our calculated place and also advanced manufacturing abilities will definitely enable our team to drive significant growth in the frozen food category with each other." Demanding Softshare functioned as the syndicator as well as advisor for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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