.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent risk in Ujjain-based snacks and also frozen foods items provider Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Financial investment will permit Bikaji to boost its own frozen food items production capabilities and also increase its own market presence, it stated." This tactical technique certainly not simply reinforces our capability for export development but additionally assists our entry in to the QSR section. By combining Ariba's modern development capacities, our experts target to enrich our icy treats and savouries manufacturing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also markets a selection of snack foods and frozen foods items including samosas, naans, parathas, and also desserts under the InDine company. The provider also offers arrangement production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes an impressive milestone for Ariba Foods. With our state-of-the-art development locations and export proficiency, our experts are well-positioned to fulfill Bikaji's manufacturing demands. Our calculated area and state-of-the-art production capacities will certainly enable us to steer substantial development in the frozen food category with each other." Intensive Softshare served as the syndicator as well as specialist for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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