.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent risk in Ujjain-based snack foods and also icy foods items company Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Assets is going to enable Bikaji to enhance its frosted meals manufacturing abilities as well as expand its market existence, it claimed." This calculated technique certainly not simply enhances our capability for export growth yet likewise sustains our access right into the QSR sector. Through including Ariba's advanced manufacturing capabilities, we intend to enhance our frozen snack foods and also savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as sells a variety of treats and frosted meals such as samosas, naans, parathas, as well as desserts under the InDine label. The firm likewise offers deal manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition denotes an impressive milestone for Ariba Foods. With our state-of-the-art creation locations and also export proficiency, we are actually well-positioned to satisfy Bikaji's development necessities. Our important place and modern production abilities will certainly permit our team to drive substantial growth in the icy meals type together." Extensive Softshare acted as the syndicator as well as advisor for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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