.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent risk in Ujjain-based treats and icy meals provider Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Assets will certainly make it possible for Bikaji to enrich its own icy meals production abilities as well as broaden its own market visibility, it claimed." This calculated relocation not only enhances our capacity for export development yet also sustains our entry in to the QSR sector. By incorporating Ariba's cutting edge development capacities, our experts aim to enhance our frosted treats and also savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and offers an assortment of snacks as well as frozen meals including samosas, naans, parathas, as well as desserts under the InDine brand. The company likewise offers agreement manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes an interesting landmark for Ariba Foods. Along with our innovative manufacturing facilities as well as export expertise, we are actually well-positioned to meet Bikaji's production demands. Our calculated place and state-of-the-art manufacturing abilities will certainly permit us to steer significant growth in the frozen food items group with each other." Demanding Softshare served as the syndicator and also advisor for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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