.Rep ImageNew Delhi: Bikaji Foods has obtained a 55 per-cent stake in Ujjain-based snacks and also icy meals business Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Assets will certainly allow Bikaji to enrich its own icy food items development functionalities and grow its market visibility, it claimed." This important action certainly not only enhances our ability for export growth yet likewise assists our access in to the QSR portion. Through integrating Ariba's state-of-the-art creation abilities, our company aim to boost our frosted snack foods and savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and offers a selection of snacks as well as frosted foods such as samosas, naans, parathas, and also sugary foods under the InDine brand. The provider also provides deal production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks a stimulating turning point for Ariba Foods. Along with our advanced development centers and export competence, our experts are actually well-positioned to satisfy Bikaji's development requirements. Our important location and modern manufacturing functionalities will definitely enable our team to drive considerable growth in the icy meals group with each other." Intensive Softshare served as the syndicator and specialist for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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