.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent risk in Ujjain-based treats and also icy meals company Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Expenditure will make it possible for Bikaji to boost its own frosted food items manufacturing capacities and also extend its market existence, it said." This important action not only strengthens our capacity for export growth yet also sustains our entrance right into the QSR portion. By integrating Ariba's modern development functionalities, our team intend to improve our frozen treats as well as savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also offers an assortment of snack foods and frozen foods such as samosas, naans, parathas, and also desserts under the InDine brand name. The provider also gives deal production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement denotes an amazing breakthrough for Ariba Foods. With our innovative creation centers and also export knowledge, our team are well-positioned to fulfill Bikaji's development demands. Our important site and state-of-the-art production capabilities will certainly enable our company to steer substantial growth in the frosted food items classification with each other." Intensive Softshare served as the syndicator and expert for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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