.Representative ImageNew Delhi: Bikaji Foods has gotten 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 news release on Friday. The Expenditure is going to make it possible for Bikaji to enhance its own frozen food development capacities and also broaden its market presence, it said." This tactical relocation certainly not only boosts our ability for export growth yet likewise sustains our entrance into the QSR sector. Through integrating Ariba's modern production capabilities, our company strive to enhance our frosted treats as well as savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also sells a variety of snack foods and icy foods such as samosas, naans, parathas, as well as sweets under the InDine brand name. The company also offers arrangement manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an interesting turning point for Ariba Foods. With our sophisticated development facilities and export know-how, we are actually well-positioned to meet Bikaji's manufacturing requirements. Our strategic location as well as cutting edge manufacturing capabilities will certainly enable our team to drive considerable development in the frosted meals category together." Demanding Softshare functioned as the syndicator and also advisor for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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