.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent risk in Ujjain-based treats as well as icy foods firm Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Expenditure will certainly permit Bikaji to improve its own icy food items production capabilities and grow its own market presence, it claimed." This calculated relocation certainly not merely enhances our ability for export growth but also assists our entry into the QSR portion. Through including Ariba's cutting edge production abilities, our team aim to enhance our frosted treats and also savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a range of snack foods as well as frosted foods items including samosas, naans, parathas, and also sweets under the InDine brand. The provider likewise gives deal production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition notes an exciting milestone for Ariba Foods. With our enhanced development resources and also export skills, our team are actually well-positioned to comply with Bikaji's creation needs. Our tactical site and advanced production abilities will permit our team to steer significant development in the frozen meals category with each other." Extensive 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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