.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent risk in Ujjain-based snack foods as well as frozen foods business Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Financial investment will certainly enable Bikaji to improve its own frozen meals development abilities and also broaden its own market presence, it stated." This calculated technique certainly not merely enhances our ability for export growth but additionally assists our access into the QSR sector. Through combining Ariba's state-of-the-art production abilities, we intend to boost our frozen snacks and also savouries making," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and markets an assortment of snacks and also frozen foods items such as samosas, naans, parathas, as well as sweets under the InDine brand. The firm likewise provides arrangement manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an amazing breakthrough for Ariba Foods. Along with our innovative creation locations as well as export proficiency, our company are actually well-positioned to comply with Bikaji's development demands. Our tactical location and modern manufacturing functionalities will allow our team to steer notable development in the icy food type with each other." Intense Softshare worked as the syndicator as well as consultant for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
Participate in the area of 2M+ industry experts.Register for our newsletter to obtain latest ideas & study.
Install ETRetail Application.Get Realtime updates.Spare your preferred articles.
Scan to install Application.