.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent stake in Ujjain-based snack foods and icy foods items firm Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Expenditure will certainly enable Bikaji to boost its frozen food items manufacturing abilities and increase its own market presence, it said.” This important technique certainly not just strengthens our ability for export growth yet also sustains our entry right into the QSR section. By including Ariba’s state-of-the-art development capacities, our company aim to improve our icy snack foods and savouries making,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods produces as well as offers a wide array of snack foods and also icy foods items like samosas, naans, parathas, and also desserts under the InDine brand name. The business likewise supplies arrangement production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This purchase denotes an amazing milestone for Ariba Foods.
Along with our enhanced creation locations as well as export competence, we are actually well-positioned to meet Bikaji’s manufacturing requirements. Our tactical place and also modern manufacturing functionalities are going to allow us to steer considerable growth in the frosted food items classification together.” Intensive Softshare worked as the syndicator and also specialist for the offer. Released On Aug 23, 2024 at 02:25 PM IST.
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