.Rep ImageNew Delhi: Bikaji Foods has acquired a 55 percent risk in Ujjain-based treats as well as frosted foods company Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Financial investment will make it possible for Bikaji to enhance its own icy food manufacturing abilities as well as broaden its own market visibility, it stated." This important technique certainly not simply reinforces our capacity for export development yet additionally sustains our entrance in to the QSR portion. Through incorporating Ariba's advanced creation capabilities, our experts target to boost our frosted treats as well as savouries creating," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also sells a variety of snack foods and icy foods items such as samosas, naans, parathas, and desserts under the InDine brand name. The company likewise provides contract production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase notes a fantastic landmark for Ariba Foods. Along with our innovative development resources as well as export competence, our company are actually well-positioned to meet Bikaji's creation demands. Our key area as well as cutting edge manufacturing functionalities will certainly permit our team to steer substantial development in the icy food classification together." Demanding Softshare served as the syndicator and also advisor for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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