.Rep ImageNew Delhi: Bikaji Foods has obtained a 55 percent concern in Ujjain-based snack foods and frozen foods provider Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Financial investment will certainly permit Bikaji to improve its own frozen food items manufacturing functionalities as well as expand its market presence, it said." This strategic action certainly not simply boosts our capability for export development but additionally assists our entry in to the QSR segment. By integrating Ariba's cutting edge creation capabilities, our team strive to enhance our frosted snack foods as well as savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also sells a wide array of snack foods and frozen foods like samosas, naans, parathas, as well as desserts under the InDine brand. The firm additionally supplies arrangement manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes a stimulating breakthrough for Ariba Foods. With our state-of-the-art creation centers as well as export experience, our company are actually well-positioned to satisfy Bikaji's manufacturing needs. Our tactical site as well as advanced production functionalities will certainly allow our team to drive significant growth in the frozen food type all together." Extensive Softshare worked as the syndicator and specialist for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
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