.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 percent stake in Ujjain-based snacks as well as icy foods items provider Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Investment will definitely make it possible for Bikaji to improve its own icy food creation abilities as well as broaden its own market existence, it pointed out." This strategic move certainly not only enhances our ability for export development however likewise sustains our entry in to the QSR section. Through including Ariba's modern production capabilities, we strive to improve our frozen snacks and savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as markets a range of snack foods as well as icy foods such as samosas, naans, parathas, and also sugary foods under the InDine brand name. The business likewise offers agreement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes an exciting landmark for Ariba Foods. With our enhanced creation locations as well as export proficiency, our experts are actually well-positioned to meet Bikaji's creation requirements. Our key site as well as state-of-the-art production abilities are going to permit our team to steer notable growth in the icy food category all together." Intense Softshare acted as the syndicator and expert for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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