.Rep ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent concern in Ujjain-based snack foods as well as frozen meals business Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Assets will certainly allow Bikaji to enhance its frozen food creation capabilities and extend its own market visibility, it said." This critical technique not just reinforces our capability for export growth however likewise assists our access right into the QSR portion. By incorporating Ariba's advanced production functionalities, our team strive to enhance our icy treats and savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a range of treats and also frosted foods such as samosas, naans, parathas, as well as desserts under the InDine label. The business additionally offers arrangement production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks a stimulating breakthrough for Ariba Foods. With our enhanced creation facilities and export know-how, our company are well-positioned to comply with Bikaji's production requirements. Our key location as well as state-of-the-art manufacturing capacities will certainly enable our company to steer substantial growth in the frozen meals type together." Demanding Softshare worked as the syndicator and advisor for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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