.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent stake in Ujjain-based snack foods and also frozen foods items firm Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Assets will certainly make it possible for Bikaji to enhance its frosted meals creation capabilities as well as increase its market visibility, it pointed out." This strategic relocation certainly not simply reinforces our capability for export development however additionally assists our access right into the QSR segment. Through incorporating Ariba's advanced creation functionalities, our experts target to enhance our frozen snack foods as well as savouries making," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and sells a selection of snack foods and also frosted foods items like samosas, naans, parathas, as well as sweets under the InDine brand. The firm also supplies arrangement manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase notes an interesting milestone for Ariba Foods. With our state-of-the-art manufacturing locations and also export competence, our experts are well-positioned to comply with Bikaji's creation needs. Our key location and state-of-the-art production functionalities will certainly permit us to steer significant growth in the frosted food type all together." Demanding Softshare acted as the syndicator and specialist for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
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