.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 percent risk in Ujjain-based snacks as well as frosted foods items firm Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Financial investment will permit Bikaji to enrich its own frozen meals creation abilities and also broaden its market visibility, it stated." This strategic technique certainly not just strengthens our capability for export development but additionally supports our entry in to the QSR portion. Through incorporating Ariba's modern production capabilities, our experts strive to improve our frosted treats and savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as offers a variety of treats and frosted foods items including samosas, naans, parathas, as well as sugary foods under the InDine company. The company also supplies contract production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes an amazing breakthrough for Ariba Foods. With our sophisticated development centers and also export know-how, we are well-positioned to fulfill Bikaji's production demands. Our important site and advanced manufacturing capacities will permit our company to steer notable development in the frosted meals type all together." Demanding Softshare acted as the syndicator and consultant for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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