.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent risk in Ujjain-based snack foods as well as frozen foods company Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Financial investment will make it possible for Bikaji to enrich its own frosted food manufacturing functionalities and also increase its market existence, it mentioned." This strategic move not simply enhances our capability for export growth but likewise sustains our entrance into the QSR section. Through combining Ariba's advanced production abilities, our experts intend to enrich our frozen treats and also savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and offers an assortment of snacks and frosted meals like samosas, naans, parathas, and desserts under the InDine label. The business additionally delivers arrangement manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks a fantastic turning point for Ariba Foods. Along with our innovative creation centers and also export competence, our experts are well-positioned to comply with Bikaji's development needs. Our important site as well as advanced manufacturing functionalities will certainly allow our company to drive substantial growth in the frosted meals category all together." Extensive Softshare functioned as the syndicator and advisor for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
Sign up with the community of 2M+ field professionals.Sign up for our email list to receive most recent ideas & review.
Download And Install ETRetail Application.Acquire Realtime updates.Spare your preferred posts.
Scan to download App.