.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per cent concern in Ujjain-based snacks as well as frosted meals business Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Assets is going to allow Bikaji to enhance its frozen food items manufacturing functionalities and also grow its market existence, it said." This key relocation certainly not merely enhances our capacity for export development but also sustains our entry in to the QSR sector. By incorporating Ariba's modern development functionalities, our team strive to enrich our frosted snack foods as well as savouries making," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as offers a selection of snacks and also icy foods items such as samosas, naans, parathas, and sweets under the InDine brand. The provider additionally delivers agreement production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes an impressive landmark for Ariba Foods. Along with our enhanced creation resources as well as export experience, our experts are well-positioned to comply with Bikaji's development demands. Our strategic site and cutting edge manufacturing capabilities are going to allow our team to drive considerable growth in the frosted food group together." Intensive Softshare acted as the syndicator and also advisor for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
Participate in the neighborhood of 2M+ sector professionals.Register for our bulletin to acquire most current understandings & analysis.
Install ETRetail Application.Acquire Realtime updates.Spare your favorite articles.
Scan to download App.