.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent risk in Ujjain-based snack foods as well as frosted meals firm Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Financial investment will allow Bikaji to enhance its own frozen food creation functionalities and extend its market existence, it pointed out." This important action certainly not simply boosts our capability for export growth but likewise assists our entrance into the QSR portion. By combining Ariba's advanced creation abilities, our company intend to boost our icy snacks and also savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also markets a variety of snack foods and also frozen foods like samosas, naans, parathas, as well as desserts under the InDine label. The firm likewise supplies arrangement manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition denotes a fantastic breakthrough for Ariba Foods. With our sophisticated manufacturing centers and export expertise, we are well-positioned to satisfy Bikaji's creation requirements. Our key location and modern production abilities will definitely allow us to steer substantial development in the icy food group together." Intense Softshare functioned as the syndicator as well as advisor for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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