.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 percent stake in Ujjain-based treats as well as frozen foods company Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Expenditure will make it possible for Bikaji to improve its own icy food items manufacturing abilities and increase its market presence, it claimed." This calculated action not just reinforces our ability for export development however also supports our access right into the QSR section. Through combining Ariba's state-of-the-art creation abilities, our experts intend to boost our frosted snack foods as well as savouries making," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as markets a selection of treats as well as frozen foods like samosas, naans, parathas, as well as desserts under the InDine label. The company additionally offers contract production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes an exciting turning point for Ariba Foods. Along with our sophisticated creation facilities and also export know-how, we are actually well-positioned to meet Bikaji's manufacturing demands. Our calculated site and cutting edge manufacturing capabilities will permit our team to steer significant development in the frozen meals group together." Intensive Softshare functioned as the syndicator and also expert for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
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