.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent stake in Ujjain-based snacks and also frosted foods business Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Financial investment is going to make it possible for Bikaji to improve its frosted food items production functionalities and grow its own market presence, it mentioned." This key move not just reinforces our ability for export development however additionally sustains our access in to the QSR portion. Through integrating Ariba's cutting edge production functionalities, our company target to boost our icy snack foods as well as savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and markets a variety of treats as well as icy foods such as samosas, naans, parathas, as well as sweets under the InDine label. The firm likewise delivers arrangement production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition denotes an exciting landmark for Ariba Foods. With our state-of-the-art manufacturing resources and also export experience, we are actually well-positioned to satisfy Bikaji's creation requirements. Our strategic place and advanced production capabilities will allow us to drive notable growth in the frosted food items group with each other." Extensive Softshare worked as the syndicator and specialist for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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