.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 percent concern in Ujjain-based snacks as well as frosted meals provider Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Expenditure is going to enable Bikaji to improve its own frozen food production abilities as well as grow its own market visibility, it claimed." This important relocation not simply boosts our capacity for export development however additionally sustains our entry in to the QSR sector. By incorporating Ariba's state-of-the-art development abilities, our team aim to enrich our frosted snacks and savouries manufacturing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also markets a selection of snacks and also icy foods including samosas, naans, parathas, and also sugary foods under the InDine label. The provider likewise delivers arrangement production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks a fantastic turning point for Ariba Foods. With our innovative production facilities and export knowledge, our company are actually well-positioned to fulfill Bikaji's manufacturing necessities. Our key place as well as state-of-the-art production capabilities will allow our company to drive considerable development in the icy food items type with each other." Intense Softshare served as the syndicator and advisor for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
Join the neighborhood of 2M+ field specialists.Sign up for our bulletin to obtain most up-to-date ideas & evaluation.
Install ETRetail Application.Acquire Realtime updates.Save your favourite short articles.
Scan to download App.