.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent stake in Ujjain-based snacks as well as frosted foods items business Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Assets will allow Bikaji to improve its frozen meals creation capabilities as well as grow its own market visibility, it said." This tactical step not simply strengthens our capability for export growth however likewise sustains our entry into the QSR sector. By combining Ariba's modern production capabilities, our experts aim to boost our icy snack foods as well as savouries making," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and markets a range of snack foods and also frosted foods items like samosas, naans, parathas, as well as desserts under the InDine company. The provider also delivers arrangement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks an interesting landmark for Ariba Foods. Along with our advanced manufacturing facilities as well as export proficiency, our team are well-positioned to comply with Bikaji's development needs. Our calculated area as well as modern manufacturing capabilities will certainly allow us to steer substantial development in the frosted food type with each other." Intense Softshare acted as the syndicator as well as expert for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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