.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 per cent stake in Ujjain-based treats and also icy foods provider Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Financial investment will make it possible for Bikaji to enhance its own icy meals creation abilities and also extend its market existence, it stated." This key technique not only strengthens our capacity for export growth yet likewise assists our access right into the QSR portion. By integrating Ariba's advanced development capacities, we strive to enhance our frosted treats as well as savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and markets an assortment of snack foods and also icy meals such as samosas, naans, parathas, and also sweets under the InDine company. The business likewise supplies contract manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes an exciting milestone for Ariba Foods. With our state-of-the-art development facilities as well as export skills, our experts are actually well-positioned to satisfy Bikaji's creation requirements. Our tactical site and also advanced production capacities will definitely enable our company to drive considerable development in the frosted food category all together." Demanding Softshare functioned as the syndicator and advisor for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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