.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent stake in Ujjain-based snacks and also frosted foods business Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Assets will make it possible for Bikaji to improve its frozen meals development capabilities and increase its own market presence, it mentioned." This key relocation certainly not just boosts our ability for export growth yet likewise sustains our access in to the QSR sector. By including Ariba's advanced production capabilities, our experts intend to enrich our frosted snack foods as well as savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and offers an assortment of snacks and frozen foods such as samosas, naans, parathas, and desserts under the InDine brand name. The business likewise supplies deal manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an exciting breakthrough for Ariba Foods. With our enhanced production facilities as well as export know-how, our company are well-positioned to meet Bikaji's production needs. Our strategic place and advanced manufacturing abilities will certainly enable our company to drive considerable growth in the icy meals group all together." Intensive Softshare functioned as the syndicator and also expert for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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