.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 per cent stake in Ujjain-based snacks as well as frozen foods items firm Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Investment is going to permit Bikaji to enhance its own frozen meals production capabilities and also broaden its market existence, it claimed." This strategic relocation certainly not merely strengthens our capability for export development however additionally sustains our access right into the QSR portion. Through integrating Ariba's cutting edge creation functionalities, our company intend to enhance our frozen treats as well as savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and markets a variety of snack foods as well as icy meals including samosas, naans, parathas, and also desserts under the InDine label. The business additionally offers agreement production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes an impressive landmark for Ariba Foods. Along with our enhanced production facilities and also export proficiency, our experts are actually well-positioned to meet Bikaji's creation needs. Our key area as well as cutting edge production capabilities will definitely enable our team to steer considerable development in the icy meals type with each other." Intense Softshare served as the syndicator and specialist for the offer.
Released On Aug 23, 2024 at 02:25 PM IST.
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