.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 percent risk in Ujjain-based snacks and also frosted foods items company Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Assets will definitely permit Bikaji to enhance its own frosted food manufacturing abilities and also broaden its own market existence, it said." This calculated relocation certainly not only enhances our ability for export growth however also assists our entry in to the QSR section. By integrating Ariba's cutting edge production functionalities, our team aim to enhance our frozen treats and savouries manufacturing," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also markets a variety of treats as well as frosted foods like samosas, naans, parathas, and sugary foods under the InDine brand name. The business additionally provides arrangement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes a thrilling breakthrough for Ariba Foods. Along with our innovative production facilities and export experience, our company are well-positioned to satisfy Bikaji's development needs. Our important site as well as modern manufacturing abilities are going to permit our team to steer substantial development in the frozen food group all together." Intensive Softshare served as the syndicator and advisor for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
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