.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per cent risk in Ujjain-based snack foods and frozen meals firm Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Financial investment will certainly enable Bikaji to enrich its own frosted food items development capabilities and increase its own market existence, it pointed out." This tactical relocation not just reinforces our capability for export development yet likewise supports our entrance right into the QSR segment. By including Ariba's modern manufacturing functionalities, our experts intend to enhance our frozen snacks as well as savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as sells a selection of treats and also frozen foods like samosas, naans, parathas, as well as sugary foods under the InDine company. The provider also delivers agreement manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an exciting landmark for Ariba Foods. Along with our innovative production resources and also export competence, our company are actually well-positioned to satisfy Bikaji's development needs. Our critical location and modern manufacturing capacities will allow our team to drive significant growth in the frosted food classification with each other." Extensive Softshare acted as the syndicator and specialist for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
Sign up with the community of 2M+ field specialists.Sign up for our newsletter to acquire newest understandings & study.
Download And Install ETRetail Application.Obtain Realtime updates.Conserve your favorite short articles.
Scan to download Application.