.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per cent concern in Ujjain-based snacks and icy foods items provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Investment will allow Bikaji to boost its own frozen meals creation abilities and grow its market visibility, it claimed.” This critical step certainly not merely enhances our capability for export growth yet also sustains our access into the QSR sector. By incorporating Ariba’s state-of-the-art development abilities, our experts target to boost our frozen treats and savouries creating,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates as well as offers a wide array of snacks and frosted foods such as samosas, naans, parathas, as well as sugary foods under the InDine company. The business additionally provides contract production companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition marks a fantastic breakthrough for Ariba Foods.
Along with our advanced development centers as well as export competence, we are actually well-positioned to satisfy Bikaji’s creation needs. Our critical place and also modern production abilities are going to enable our company to steer considerable development in the frosted meals group with each other.” Extensive Softshare functioned as the syndicator as well as consultant for the offer. Released On Aug 23, 2024 at 02:25 PM IST.
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