.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent concern in Ujjain-based snacks as well as icy meals provider Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Financial investment will certainly enable Bikaji to boost its own frosted food creation functionalities as well as extend its own market existence, it claimed." This critical technique not only boosts our capability for export growth but likewise supports our access in to the QSR sector. Through incorporating Ariba's advanced manufacturing functionalities, our team target to enrich our icy snack foods as well as savouries producing," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as markets a range of snack foods and frozen foods such as samosas, naans, parathas, and sweets under the InDine brand. The provider likewise offers arrangement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes a fantastic breakthrough for Ariba Foods. With our enhanced creation facilities and export competence, our company are actually well-positioned to satisfy Bikaji's manufacturing demands. Our critical area and also modern manufacturing abilities will certainly enable our team to steer significant growth in the frosted meals classification with each other." Demanding Softshare functioned as the syndicator as well as expert for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
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