.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 percent risk in Ujjain-based treats as well as frosted foods provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Investment will certainly permit Bikaji to boost its own frosted meals manufacturing functionalities as well as extend its market presence, it claimed." This strategic technique certainly not just strengthens our capacity for export development but likewise supports our entry into the QSR section. By including Ariba's modern creation capacities, our company aim to boost our frosted treats and savouries producing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as offers a range of snacks and frosted meals such as samosas, naans, parathas, as well as desserts under the InDine label. The business likewise offers deal production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase notes an impressive turning point for Ariba Foods. Along with our innovative production centers and also export experience, our company are well-positioned to meet Bikaji's development demands. Our tactical location and modern production functionalities will allow us to drive notable development in the frosted food group with each other." Intensive Softshare functioned as the syndicator and also expert for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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