.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent stake in Ujjain-based snacks and also frosted foods items provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Assets will definitely allow Bikaji to enhance its own frozen food items creation functionalities and expand its own market visibility, it said." This tactical technique not merely boosts our ability for export growth yet also supports our access into the QSR sector. Through integrating Ariba's modern creation capabilities, we aim to boost our icy snack foods and also savouries making," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as offers a wide array of snacks and also icy foods items like samosas, naans, parathas, and also sugary foods under the InDine company. The firm likewise delivers agreement manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks a fantastic turning point for Ariba Foods. Along with our sophisticated creation centers as well as export proficiency, our team are actually well-positioned to meet Bikaji's production necessities. Our important area and also modern production functionalities will definitely allow our company to steer significant growth in the icy meals type all together." Intensive Softshare functioned as the syndicator and also specialist for the offer.
Released On Aug 23, 2024 at 02:25 PM IST.
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