.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per cent risk in Ujjain-based treats and icy meals business Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Assets is going to enable Bikaji to enrich its own frosted meals development capacities and also broaden its market existence, it pointed out." This critical move not merely reinforces our capacity for export development but likewise assists our entry into the QSR sector. Through integrating Ariba's cutting edge production capabilities, our company target to enrich our icy treats as well as savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as sells a range of treats and icy meals including samosas, naans, parathas, and also desserts under the InDine brand. The firm additionally provides contract production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an amazing turning point for Ariba Foods. With our sophisticated development resources and export competence, our company are well-positioned to comply with Bikaji's production demands. Our critical location and also state-of-the-art production capacities will certainly permit our company to steer significant development in the frozen food items classification all together." Extensive Softshare served as the syndicator as well as specialist for the offer.
Released On Aug 23, 2024 at 02:25 PM IST.
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