.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent risk in Ujjain-based snack foods and also frosted foods company Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Financial investment is going to permit Bikaji to improve its frosted meals development capabilities and also expand its own market existence, it pointed out." This critical step certainly not just boosts our capability for export growth yet also supports our access right into the QSR section. Through integrating Ariba's cutting edge manufacturing abilities, we target to enhance our frosted snack foods and also savouries making," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as markets an assortment of treats and frosted meals such as samosas, naans, parathas, and sugary foods under the InDine brand name. The provider also delivers agreement production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase denotes an impressive turning point for Ariba Foods. With our sophisticated creation centers and export know-how, our team are well-positioned to comply with Bikaji's creation requirements. Our important place and also state-of-the-art manufacturing abilities will certainly permit us to steer substantial development in the frozen food items classification with each other." Intense Softshare worked as the syndicator as well as expert for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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