.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent risk in Ujjain-based treats and icy meals provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Investment will permit Bikaji to improve its icy food items manufacturing abilities and also grow its market presence, it mentioned." This strategic technique certainly not only enhances our capability for export development yet likewise sustains our entry into the QSR sector. Through integrating Ariba's state-of-the-art development abilities, our team target to enhance our icy snack foods and savouries producing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and markets a selection of snacks and frozen meals including samosas, naans, parathas, and also sugary foods under the InDine brand. The company additionally supplies arrangement manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase notes an impressive breakthrough for Ariba Foods. Along with our state-of-the-art development locations and export knowledge, our team are actually well-positioned to meet Bikaji's manufacturing necessities. Our strategic place and also advanced manufacturing capacities will definitely permit our team to steer considerable growth in the frozen food category all together." Intense Softshare functioned as the syndicator and also expert for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
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