.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent risk in Ujjain-based snack foods as well as icy meals provider Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Investment will certainly enable Bikaji to boost its own icy food items creation abilities as well as extend its own market visibility, it mentioned." This key relocation not just boosts our ability for export development but additionally assists our entrance into the QSR section. Through including Ariba's modern manufacturing capacities, our company strive to boost our icy snacks as well as savouries creating," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as sells an assortment of snack foods as well as frosted meals including samosas, naans, parathas, and desserts under the InDine label. The provider also provides deal manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes a thrilling turning point for Ariba Foods. With our enhanced production locations and export experience, our company are actually well-positioned to fulfill Bikaji's production requirements. Our key site as well as modern production capacities will permit our team to steer notable growth in the icy meals category all together." Intensive Softshare worked as the syndicator as well as advisor for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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