.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 per cent stake in Ujjain-based snacks as well as frosted meals business Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Expenditure will make it possible for Bikaji to enhance its own frosted food items manufacturing abilities as well as extend its market visibility, it stated." This key step not simply reinforces our capacity for export growth yet additionally sustains our access right into the QSR sector. By incorporating Ariba's state-of-the-art creation capabilities, our team intend to boost our frozen treats and also savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as offers a wide array of treats and frozen foods items such as samosas, naans, parathas, and also sugary foods under the InDine label. The firm likewise supplies arrangement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition marks an impressive landmark for Ariba Foods. Along with our innovative creation locations and export knowledge, our team are well-positioned to meet Bikaji's manufacturing necessities. Our tactical site and advanced production capacities will allow our company to drive considerable development in the frozen food items group with each other." Demanding Softshare functioned as the syndicator and also consultant for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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