.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 percent stake in Ujjain-based snacks as well as frozen foods items firm Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Expenditure is going to make it possible for Bikaji to improve its own icy food items manufacturing abilities and extend its own market existence, it said.” This key move certainly not merely boosts our capability for export development yet additionally assists our access right into the QSR section. By incorporating Ariba’s modern creation capacities, our team intend to enrich our frozen snacks as well as savouries making,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and markets an assortment of snacks and also icy foods items such as samosas, naans, parathas, and desserts under the InDine company. The business likewise delivers arrangement production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement denotes an interesting landmark for Ariba Foods.
With our advanced production facilities and also export skills, we are actually well-positioned to comply with Bikaji’s development requirements. Our calculated place as well as modern manufacturing functionalities will certainly enable our company to drive substantial development in the frosted meals classification all together.” Extensive Softshare acted as the syndicator and also consultant for the deal. Released On Aug 23, 2024 at 02:25 PM IST.
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