.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per cent risk in Ujjain-based treats and icy foods items firm Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Investment is going to permit Bikaji to improve its frosted food items creation abilities as well as extend its market visibility, it claimed." This tactical action certainly not simply strengthens our ability for export growth yet likewise assists our entry into the QSR section. Through incorporating Ariba's modern production capabilities, we aim to boost our icy treats and savouries creating," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as offers a range of snack foods and also frosted meals including samosas, naans, parathas, and sweets under the InDine company. The business additionally supplies contract manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks a fantastic milestone for Ariba Foods. With our enhanced creation locations as well as export know-how, our experts are actually well-positioned to satisfy Bikaji's manufacturing requirements. Our calculated site and modern manufacturing abilities are going to allow our team to drive considerable growth in the icy food classification together." Intensive Softshare served as the syndicator and expert for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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