.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per cent stake in Ujjain-based snacks as well as frosted foods firm Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Financial investment will definitely enable Bikaji to enhance its frozen meals creation capacities as well as extend its own market presence, it claimed." This key move not simply strengthens our capacity for export growth but likewise supports our entry in to the QSR segment. By integrating Ariba's state-of-the-art production functionalities, our team aim to improve our frosted snacks and savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and offers a wide array of snack foods as well as frosted meals such as samosas, naans, parathas, and sweets under the InDine brand name. The company also provides contract production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement denotes a fantastic turning point for Ariba Foods. With our advanced creation centers and also export experience, our experts are actually well-positioned to comply with Bikaji's manufacturing necessities. Our key site and cutting edge production abilities are going to enable our company to steer substantial growth in the icy food items type together." Intense Softshare acted as the syndicator and specialist for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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