.Rep ImageNew Delhi: Bikaji Foods has obtained a 55 per cent stake in Ujjain-based treats as well as frozen foods items provider Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Expenditure will definitely permit Bikaji to boost its frozen food manufacturing functionalities as well as grow its own market existence, it pointed out." This important relocation certainly not merely strengthens our capability for export growth yet likewise sustains our entry right into the QSR portion. Through incorporating Ariba's advanced production functionalities, our team strive to boost our frozen snacks as well as savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also offers a variety of snacks and also icy foods items such as samosas, naans, parathas, and also sweets under the InDine company. The firm additionally gives deal production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase denotes an exciting breakthrough for Ariba Foods. Along with our advanced creation resources and also export expertise, our team are actually well-positioned to comply with Bikaji's creation necessities. Our important location and cutting edge manufacturing functionalities will definitely allow us to drive considerable development in the frozen food group with each other." Intensive Softshare acted as the syndicator and advisor for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
Participate in the neighborhood of 2M+ business experts.Sign up for our email list to acquire most current insights & study.
Install ETRetail App.Acquire Realtime updates.Save your preferred short articles.
Check to install App.