.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 percent risk in Ujjain-based snack foods and frozen foods firm Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Assets is going to make it possible for Bikaji to enrich its icy food items manufacturing capabilities and extend its own market visibility, it mentioned." This calculated action certainly not just enhances our capability for export growth but also supports our entrance into the QSR section. By combining Ariba's modern development functionalities, our experts aim to enhance our icy treats as well as savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as offers a wide array of snacks as well as icy meals including samosas, naans, parathas, as well as sugary foods under the InDine label. The company additionally delivers contract production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition denotes a stimulating landmark for Ariba Foods. Along with our advanced creation resources as well as export proficiency, our experts are actually well-positioned to fulfill Bikaji's development requirements. Our critical place and modern production capacities will permit us to steer significant development in the icy meals type all together." Intense Softshare worked as the syndicator and specialist for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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