.Rep ImageNew Delhi: Bikaji Foods has obtained a 55 percent concern in Ujjain-based snacks as well as frosted meals business Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Financial investment will allow Bikaji to improve its own frozen meals creation functionalities and broaden its own market existence, it mentioned." This tactical technique certainly not just enhances our capability for export growth but also sustains our entry into the QSR segment. Through including Ariba's state-of-the-art development capacities, we aim to improve our frosted snacks and savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also markets a range of snack foods and frosted foods items like samosas, naans, parathas, and desserts under the InDine company. The firm additionally provides contract production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes an amazing turning point for Ariba Foods. With our advanced manufacturing locations and export expertise, we are actually well-positioned to meet Bikaji's production demands. Our tactical location and also cutting edge manufacturing capacities are going to enable us to steer significant development in the frosted food group all together." Intense Softshare acted as the syndicator and also advisor for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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