.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent risk in Ujjain-based snacks and frosted foods items business Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Investment will certainly allow Bikaji to improve its frozen food items manufacturing capabilities and also extend its own market presence, it mentioned." This key action certainly not simply enhances our ability for export growth but also supports our access into the QSR sector. Through including Ariba's state-of-the-art manufacturing capacities, our team aim to enhance our icy snack foods as well as savouries making," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and offers a variety of treats as well as frosted meals such as samosas, naans, parathas, and desserts under the InDine company. The provider also offers deal production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase marks a fantastic milestone for Ariba Foods. Along with our sophisticated development facilities and also export knowledge, our company are well-positioned to fulfill Bikaji's development requirements. Our important area as well as advanced manufacturing functionalities will permit us to drive significant growth in the icy food items group together." Extensive Softshare worked as the syndicator and also expert for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.
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