.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 percent risk in Ujjain-based snack foods and frozen foods company Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Expenditure will definitely allow Bikaji to enhance its own frozen food development abilities and expand its own market presence, it pointed out." This key move not only enhances our capacity for export growth yet also assists our entry in to the QSR section. Through combining Ariba's cutting edge development functionalities, our company strive to enrich our icy snacks and also savouries producing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as sells a range of snacks as well as frozen meals including samosas, naans, parathas, and also sugary foods under the InDine company. The business additionally offers arrangement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes an exciting milestone for Ariba Foods. Along with our enhanced production centers and export know-how, our company are actually well-positioned to meet Bikaji's manufacturing necessities. Our calculated place as well as advanced production abilities will certainly allow our team to drive substantial development in the frozen food items category all together." Intensive Softshare worked as the syndicator and also expert for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
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