.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 percent risk in Ujjain-based snacks as well as icy foods items business Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Assets will certainly permit Bikaji to enrich its own frosted meals manufacturing capacities and also increase its own market existence, it claimed.” This key action not just enhances our capability for export growth however likewise supports our entrance into the QSR portion. By combining Ariba’s modern manufacturing abilities, our team target to improve our icy treats as well as savouries manufacturing,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures as well as markets a variety of snacks as well as icy foods items such as samosas, naans, parathas, and also sweets under the InDine brand. The firm likewise offers deal manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This acquisition denotes an exciting turning point for Ariba Foods.
With our advanced production centers as well as export skills, we are actually well-positioned to satisfy Bikaji’s development requirements. Our important place as well as state-of-the-art production functionalities will definitely permit our company to steer substantial development in the icy food items category with each other.” Intense Softshare functioned as the syndicator and also specialist for the package. Posted On Aug 23, 2024 at 02:25 PM IST.
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