.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent stake in Ujjain-based treats as well as frozen foods items firm Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Investment will certainly make it possible for Bikaji to enhance its own frozen food items production functionalities and also expand its own market visibility, it pointed out." This important technique certainly not just enhances our capacity for export development but also sustains our access in to the QSR section. By combining Ariba's cutting edge manufacturing abilities, our experts aim to improve our icy snacks and also savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also sells a wide array of snack foods and also frosted foods such as samosas, naans, parathas, and sweets under the InDine brand name. The company also provides deal production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes an amazing milestone for Ariba Foods. With our enhanced manufacturing resources as well as export expertise, our team are well-positioned to satisfy Bikaji's development demands. Our key area and also state-of-the-art manufacturing functionalities will definitely permit our company to drive notable development in the frozen food items type with each other." Extensive Softshare acted as the syndicator as well as specialist for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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