.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent concern in Ujjain-based snack foods and also icy foods items business Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Assets is going to enable Bikaji to boost its own frozen meals manufacturing functionalities as well as increase its own market presence, it claimed." This critical step certainly not simply reinforces our ability for export growth yet likewise supports our entry in to the QSR sector. Through integrating Ariba's cutting edge development functionalities, we intend to boost our icy snack foods and also savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also offers a selection of snacks and frosted foods including samosas, naans, parathas, and desserts under the InDine company. The firm likewise delivers agreement manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase marks an interesting breakthrough for Ariba Foods. With our innovative manufacturing facilities as well as export competence, our company are well-positioned to satisfy Bikaji's development demands. Our important location and modern production capacities will definitely allow our team to steer considerable development in the frozen meals category all together." Intensive Softshare worked as the syndicator as well as specialist for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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