.Rep ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent concern in Ujjain-based snacks as well as frosted foods business Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Investment is going to allow Bikaji to boost its icy meals creation capacities and also grow its own market visibility, it stated." This critical action certainly not just reinforces our ability for export growth but additionally supports our entry into the QSR portion. By incorporating Ariba's advanced production functionalities, we aim to improve our frozen snack foods and savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as sells a wide array of snack foods and icy foods such as samosas, naans, parathas, as well as desserts under the InDine brand name. The business also offers arrangement production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes an exciting milestone for Ariba Foods. Along with our innovative creation facilities as well as export competence, we are actually well-positioned to satisfy Bikaji's development demands. Our strategic area as well as modern manufacturing capacities will certainly allow our team to steer considerable growth in the frozen meals classification together." Intensive Softshare functioned as the syndicator as well as advisor for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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