.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent risk in Ujjain-based treats as well as icy meals provider Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Investment will definitely enable Bikaji to enrich its own frosted meals creation functionalities and extend its own market existence, it pointed out." This calculated action certainly not just boosts our capability for export growth however likewise assists our entry into the QSR portion. By combining Ariba's cutting edge creation functionalities, we aim to enrich our frosted snacks as well as savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as sells a variety of treats as well as frosted foods including samosas, naans, parathas, as well as sugary foods under the InDine label. The provider also supplies deal manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition notes an exciting landmark for Ariba Foods. With our innovative creation centers and export know-how, we are well-positioned to comply with Bikaji's production demands. Our important site and state-of-the-art manufacturing abilities are going to allow us to steer substantial development in the frosted meals classification together." Demanding Softshare acted as the syndicator and also expert for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
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