.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent risk in Ujjain-based snack foods and frozen meals provider Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Expenditure will allow Bikaji to enhance its frozen food manufacturing capabilities as well as broaden its market presence, it pointed out." This critical relocation not merely reinforces our capacity for export development however additionally supports our entry right into the QSR sector. Through incorporating Ariba's modern production abilities, our experts target to boost our frozen snack foods and also savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and offers a range of snacks and icy meals including samosas, naans, parathas, as well as desserts under the InDine brand name. The provider also supplies contract production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes an amazing breakthrough for Ariba Foods. With our enhanced creation centers and also export expertise, we are well-positioned to meet Bikaji's development needs. Our strategic place as well as state-of-the-art production capacities will permit us to steer notable development in the frozen food classification together." Intense Softshare functioned as the syndicator and also specialist for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
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