.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent concern in Ujjain-based treats and also icy foods company Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Assets will definitely allow Bikaji to boost its frosted food items production capabilities and also extend its market visibility, it pointed out." This tactical relocation not merely boosts our capacity for export development but additionally supports our entrance right into the QSR segment. Through combining Ariba's cutting edge development functionalities, our team aim to improve our frozen snacks and savouries creating," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a selection of snack foods and frosted meals such as samosas, naans, parathas, and desserts under the InDine company. The provider additionally gives contract production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes an impressive breakthrough for Ariba Foods. Along with our state-of-the-art creation locations as well as export expertise, our experts are actually well-positioned to comply with Bikaji's development requirements. Our calculated area and state-of-the-art manufacturing capabilities will certainly enable our team to drive significant development in the frosted food type together." Extensive Softshare acted as the syndicator and advisor for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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