.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent risk in Ujjain-based snacks and icy meals firm Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Investment is going to allow Bikaji to improve its own frosted food items production capabilities as well as expand its market visibility, it said." This critical relocation not simply reinforces our ability for export development but additionally sustains our entrance into the QSR portion. By including Ariba's cutting edge manufacturing capacities, our experts aim to enhance our frosted treats and also savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as markets an assortment of treats and frosted foods like samosas, naans, parathas, and also sweets under the InDine label. The firm additionally provides deal production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition notes a stimulating breakthrough for Ariba Foods. With our enhanced manufacturing centers and export experience, our team are well-positioned to comply with Bikaji's manufacturing requirements. Our important area and modern production capabilities will allow our team to steer significant growth in the frosted meals group together." Demanding Softshare worked as the syndicator and also expert for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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