.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 percent stake in Ujjain-based snack foods and also icy foods items provider Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Expenditure will make it possible for Bikaji to boost its own frosted meals production abilities as well as expand its market visibility, it claimed." This important action certainly not simply strengthens our capacity for export growth yet additionally assists our entry into the QSR section. By integrating Ariba's advanced manufacturing functionalities, our team aim to enrich our frozen treats as well as savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as sells a selection of snack foods as well as icy meals like samosas, naans, parathas, and also sugary foods under the InDine brand. The business likewise delivers deal manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an interesting landmark for Ariba Foods. With our state-of-the-art development locations as well as export proficiency, our experts are actually well-positioned to comply with Bikaji's manufacturing needs. Our tactical area as well as state-of-the-art production abilities will definitely allow us to drive notable development in the frozen meals type together." Intense 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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