.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent stake in Ujjain-based snacks and also frozen foods items business Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Investment will certainly make it possible for Bikaji to improve its own frosted meals production capacities and expand its market presence, it claimed." This important step not merely reinforces our capability for export growth yet additionally supports our entry into the QSR section. By integrating Ariba's state-of-the-art manufacturing functionalities, our team aim to enhance our frosted snack foods and also savouries making," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also offers a range of treats and icy meals including samosas, naans, parathas, and sugary foods under the InDine company. The firm additionally provides contract manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase marks a fantastic landmark for Ariba Foods. With our innovative production resources as well as export expertise, our company are well-positioned to meet Bikaji's development demands. Our key site and cutting edge manufacturing capacities will definitely permit us to steer significant growth in the frosted meals group all together." Extensive Softshare served as the syndicator and specialist for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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