.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 per-cent stake in Ujjain-based treats as well as frosted meals firm Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Financial investment will enable Bikaji to enrich its icy meals development functionalities and expand its market existence, it mentioned." This tactical relocation certainly not simply reinforces our capacity for export growth yet also assists our access into the QSR section. Through incorporating Ariba's modern creation capabilities, our company target to enhance our frozen treats and savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also offers a variety of snacks as well as frosted foods including samosas, naans, parathas, and also desserts under the InDine brand name. The provider also delivers agreement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement denotes a stimulating milestone for Ariba Foods. Along with our sophisticated creation facilities as well as export proficiency, our experts are actually well-positioned to meet Bikaji's development needs. Our critical place and advanced manufacturing capabilities are going to enable our team to drive substantial development in the frozen meals group with each other." Intensive Softshare served as the syndicator and consultant for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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