.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent risk in Ujjain-based treats and frozen meals firm Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Investment will enable Bikaji to improve its frosted food items creation capabilities and also increase its market visibility, it claimed." This key move not merely strengthens our ability for export growth yet additionally assists our entry right into the QSR portion. By incorporating Ariba's cutting edge creation capabilities, our team aim to enrich our icy snacks as well as savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as offers a range of treats as well as icy foods items like samosas, naans, parathas, and also sugary foods under the InDine label. The company also supplies arrangement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition denotes an interesting breakthrough for Ariba Foods. Along with our enhanced manufacturing centers as well as export proficiency, our company are actually well-positioned to fulfill Bikaji's manufacturing demands. Our calculated place and state-of-the-art manufacturing abilities will definitely permit our team to drive substantial development in the icy food items classification all together." Extensive Softshare acted as the syndicator and expert for the offer.
Released On Aug 23, 2024 at 02:25 PM IST.
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