.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent risk in Ujjain-based snacks as well as icy foods provider Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Expenditure will certainly permit Bikaji to enrich its own frosted meals manufacturing functionalities and increase its own market presence, it claimed." This key relocation certainly not simply reinforces our ability for export growth yet additionally assists our access in to the QSR section. Through combining Ariba's modern production functionalities, our team aim to improve our frosted treats as well as savouries manufacturing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and offers a selection of snack foods and frozen foods items such as samosas, naans, parathas, and sugary foods under the InDine brand. The company also provides arrangement manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks a thrilling turning point for Ariba Foods. Along with our enhanced manufacturing facilities and also export experience, our team are actually well-positioned to meet Bikaji's manufacturing demands. Our key location and state-of-the-art production abilities will certainly enable us to drive notable development in the icy food group with each other." Demanding Softshare served as the syndicator and specialist for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
Join the neighborhood of 2M+ sector professionals.Register for our bulletin to receive most current insights & analysis.
Download And Install ETRetail App.Receive Realtime updates.Spare your preferred write-ups.
Browse to download and install App.