.Representative ImageNew Delhi: Bikaji Foods has actually acquired 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 news release on Friday. The Expenditure will enable Bikaji to boost its own frosted food items development abilities and also extend its own market presence, it pointed out.” This tactical move certainly not just enhances our ability for export growth yet likewise assists our access right into the QSR sector. Through incorporating Ariba’s state-of-the-art development capacities, our team strive to improve our frozen snacks and also savouries creating,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also markets a variety of snack foods and also icy foods such as samosas, naans, parathas, and sweets under the InDine brand name. The business also provides deal manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement marks a thrilling turning point for Ariba Foods.
With our innovative development centers as well as export knowledge, our experts are actually well-positioned to fulfill Bikaji’s production necessities. Our key location and also state-of-the-art manufacturing capacities will certainly enable us to steer considerable growth in the frozen food items category with each other.” Demanding Softshare worked as the syndicator and also expert for the bargain. Posted On Aug 23, 2024 at 02:25 PM IST.
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