.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 per cent stake in Ujjain-based treats and also frosted foods provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Expenditure will definitely enable Bikaji to enrich its own frosted food production capacities and also extend its market presence, it stated." This important move certainly not merely enhances our capability for export development however likewise assists our access into the QSR section. Through including Ariba's advanced manufacturing abilities, our team aim to improve our frozen snack foods as well as savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also sells a variety of snack foods and also icy meals such as samosas, naans, parathas, as well as sweets under the InDine brand. The company additionally delivers agreement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks a fantastic breakthrough for Ariba Foods. Along with our advanced manufacturing resources and also export experience, our team are actually well-positioned to comply with Bikaji's production needs. Our tactical area and also cutting edge production capabilities will allow our team to drive considerable growth in the frosted food type all together." Intensive Softshare functioned as the syndicator and also expert for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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