.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent stake in Ujjain-based snack foods and icy meals firm Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Expenditure will definitely make it possible for Bikaji to enhance its own frozen meals manufacturing capacities and expand its own market visibility, it stated.” This important action certainly not simply reinforces our ability for export growth however likewise sustains our entry right into the QSR section. Through including Ariba’s modern creation capabilities, our company strive to improve our frozen snack foods and also savouries creating,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates as well as sells a wide array of snack foods and also frosted meals including samosas, naans, parathas, and sugary foods under the InDine brand name. The firm also offers agreement production companies. Gaurav Baheti, Promoter of Ariba Foods commented, “This acquisition notes a thrilling milestone for Ariba Foods.
With our advanced creation locations and also export know-how, our team are actually well-positioned to fulfill Bikaji’s creation demands. Our key area and also advanced production capabilities will definitely allow our team to drive notable development in the icy meals category all together.” Intensive Softshare worked as the syndicator and expert for the deal. Posted On Aug 23, 2024 at 02:25 PM IST.
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