.Rep ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent risk in Ujjain-based snack foods and frozen foods business Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Investment will make it possible for Bikaji to improve its own frozen food development abilities and also expand its own market presence, it mentioned.” This important relocation not only boosts our capacity for export development however also supports our access right into the QSR section. Through combining Ariba’s cutting edge development capabilities, our experts strive to improve our frosted snacks and savouries producing,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes and also markets an assortment of snacks and icy meals including samosas, naans, parathas, and also desserts under the InDine company. The business likewise delivers agreement manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement notes an exciting breakthrough for Ariba Foods.
Along with our state-of-the-art creation resources and export expertise, we are actually well-positioned to fulfill Bikaji’s creation demands. Our strategic area and state-of-the-art production capabilities will certainly allow our company to steer considerable development in the icy food items classification all together.” Intense Softshare worked as the syndicator as well as advisor for the deal. Published On Aug 23, 2024 at 02:25 PM IST.
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