.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 per cent stake in Ujjain-based treats and also frozen meals company Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Financial investment will allow Bikaji to improve its icy meals creation capacities and also grow its market visibility, it said.” This calculated relocation certainly not simply strengthens our ability for export development yet additionally sustains our entry into the QSR sector. By integrating Ariba’s advanced manufacturing abilities, we target to improve our frosted snacks and also savouries creating,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and offers a wide array of snacks and also frosted foods items including samosas, naans, parathas, and desserts under the InDine label. The firm also provides agreement manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition notes a fantastic turning point for Ariba Foods.
Along with our advanced production resources and also export knowledge, our experts are actually well-positioned to comply with Bikaji’s creation demands. Our calculated location and advanced production functionalities are going to allow us to drive substantial development in the icy meals classification all together.” Intensive Softshare acted as the syndicator as well as consultant for the offer. Posted On Aug 23, 2024 at 02:25 PM IST.
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