.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 per cent concern in Ujjain-based treats as well as icy foods business Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Assets will allow Bikaji to improve its own icy meals creation capabilities as well as increase its own market visibility, it pointed out." This key move certainly not simply strengthens our capability for export development yet also supports our entry right into the QSR sector. Through including Ariba's cutting edge production capacities, our company aim to enrich our frozen snacks and also savouries producing," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also markets a selection of treats and frosted foods items like samosas, naans, parathas, and sugary foods under the InDine brand name. The company likewise delivers deal production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition notes an impressive turning point for Ariba Foods. With our advanced creation centers as well as export skills, we are actually well-positioned to fulfill Bikaji's development necessities. Our calculated place as well as advanced manufacturing capacities will certainly allow our company to drive substantial growth in the icy food items category all together." Extensive Softshare worked as the syndicator as well as advisor for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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