.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 per cent concern in Ujjain-based treats as well as icy meals company Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Investment is going to make it possible for Bikaji to boost its frozen meals manufacturing abilities as well as broaden its market presence, it mentioned." This tactical action not only strengthens our capability for export development yet additionally supports our access right into the QSR sector. Through combining Ariba's advanced production abilities, we intend to improve our frozen snacks and also savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and markets a range of treats and icy meals including samosas, naans, parathas, as well as desserts under the InDine brand. The firm additionally supplies arrangement production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase marks an interesting landmark for Ariba Foods. With our advanced creation resources as well as export proficiency, our experts are well-positioned to meet Bikaji's creation demands. Our critical place and also state-of-the-art manufacturing abilities will definitely permit our company to steer considerable development in the icy food group together." Intensive Softshare functioned as the syndicator and consultant for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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