.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 percent risk in Ujjain-based treats and frosted foods items provider Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Financial investment will definitely permit Bikaji to enrich its icy meals creation capabilities and also broaden its own market existence, it mentioned." This tactical technique certainly not simply strengthens our capacity for export growth yet additionally supports our entry in to the QSR section. Through integrating Ariba's advanced production capacities, our experts strive to improve our frosted snacks as well as savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also sells an assortment of snack foods and also frosted meals including samosas, naans, parathas, and sweets under the InDine brand. The firm also supplies contract production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition notes an exciting turning point for Ariba Foods. With our innovative manufacturing resources as well as export expertise, we are well-positioned to fulfill Bikaji's development necessities. Our critical location as well as modern manufacturing capabilities will definitely permit our company to steer significant development in the frosted food group together." Intensive Softshare functioned as the syndicator and also specialist for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
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