.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 percent risk in Ujjain-based treats as well as icy foods items business Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Assets will definitely permit Bikaji to enhance its icy meals creation capacities as well as grow its market existence, it said." This calculated relocation not simply reinforces our capacity for export development yet likewise sustains our entry into the QSR portion. By integrating Ariba's advanced manufacturing capabilities, our experts target to enrich our frosted snacks and savouries creating," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as markets a range of snacks and icy foods including samosas, naans, parathas, and also sweets under the InDine label. The business additionally offers deal production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition notes an amazing milestone for Ariba Foods. Along with our advanced manufacturing centers and export expertise, we are actually well-positioned to fulfill Bikaji's creation demands. Our key location as well as modern manufacturing functionalities will enable us to steer significant growth in the icy food items classification all together." Demanding Softshare worked as the syndicator and consultant for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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