.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 per-cent risk in Ujjain-based snacks and frozen foods items provider Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Expenditure will definitely allow Bikaji to enhance its frosted food development abilities and extend its own market presence, it claimed." This calculated move not only enhances our capability for export development but likewise sustains our entrance into the QSR segment. Through incorporating Ariba's advanced manufacturing capabilities, our team target to boost our icy snacks as well as savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and markets a variety of snack foods as well as icy foods items like samosas, naans, parathas, and also sugary foods under the InDine brand name. The business also supplies agreement production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes an amazing milestone for Ariba Foods. With our innovative creation facilities and also export competence, our experts are actually well-positioned to satisfy Bikaji's creation necessities. Our tactical location and state-of-the-art manufacturing capacities will certainly enable our company to drive notable development in the icy food items classification together." Extensive Softshare acted as the syndicator and advisor for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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