.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 per cent concern in Ujjain-based snacks and icy foods provider Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Assets will permit Bikaji to boost its own icy meals development capacities as well as expand its market presence, it claimed." This calculated relocation certainly not only boosts our ability for export development yet additionally supports our entrance in to the QSR section. Through including Ariba's cutting edge manufacturing abilities, our team target to enhance our frosted treats and savouries producing," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as markets a selection of snack foods and frosted foods like samosas, naans, parathas, and also sweets under the InDine label. The provider additionally provides agreement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes a thrilling landmark for Ariba Foods. With our state-of-the-art manufacturing locations and export expertise, our team are actually well-positioned to satisfy Bikaji's creation demands. Our key site and also modern manufacturing abilities will definitely enable our company to steer notable development in the icy food classification with each other." Extensive Softshare acted as the syndicator and consultant for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
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