.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent risk in Ujjain-based snacks and frosted foods firm Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Investment is going to allow Bikaji to improve its own frosted meals creation functionalities and grow its own market existence, it pointed out." This calculated relocation not merely strengthens our capacity for export development however additionally assists our entry into the QSR sector. By combining Ariba's advanced development capacities, our team intend to enrich our frosted snacks and savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also sells an assortment of snack foods as well as frozen foods like samosas, naans, parathas, as well as desserts under the InDine brand name. The business additionally offers agreement production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks an exciting breakthrough for Ariba Foods. With our enhanced development facilities and export skills, we are well-positioned to meet Bikaji's creation necessities. Our tactical site and modern production abilities are going to enable our team to steer considerable growth in the frosted food type together." Intense Softshare served as the syndicator and also consultant for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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