.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent stake in Ujjain-based treats and also frosted meals firm Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Investment will certainly allow Bikaji to boost its icy food production functionalities as well as broaden its market visibility, it claimed." This critical move not just strengthens our capability for export growth but likewise supports our access right into the QSR segment. By combining Ariba's modern manufacturing capacities, our experts target to enhance our frozen snack foods and savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also sells a range of snacks as well as frosted foods like samosas, naans, parathas, as well as sugary foods under the InDine company. The company additionally provides deal production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase marks a stimulating turning point for Ariba Foods. Along with our enhanced manufacturing centers as well as export proficiency, our team are actually well-positioned to fulfill Bikaji's production demands. Our important site and also state-of-the-art production abilities will certainly allow us to steer significant growth in the frozen meals group together." Extensive Softshare functioned as the syndicator as well as specialist for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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