.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent stake in Ujjain-based treats and also frozen foods provider Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Investment will enable Bikaji to boost its frosted food development capabilities as well as grow its own market existence, it stated." This important move not only boosts our capability for export growth yet additionally supports our access into the QSR section. By incorporating Ariba's modern creation abilities, our experts intend to enhance our frosted snacks as well as savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also markets a wide array of snacks and also frosted meals like samosas, naans, parathas, as well as sugary foods under the InDine company. The firm additionally gives arrangement production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks an impressive milestone for Ariba Foods. With our state-of-the-art production resources and export expertise, our experts are well-positioned to fulfill Bikaji's manufacturing necessities. Our tactical location and also modern production capacities are going to permit our team to steer significant growth in the frozen meals classification all together." Intense Softshare served as the syndicator as well as consultant for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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