.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent stake in Ujjain-based snack foods and also frozen foods firm Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Assets is going to enable Bikaji to improve its own frozen food items manufacturing abilities as well as increase its own market existence, it said." This important technique certainly not simply strengthens our capability for export development however also assists our entry in to the QSR segment. By combining Ariba's state-of-the-art production abilities, our experts intend to enhance our frozen snack foods as well as savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also sells a wide array of snack foods and also frosted foods items like samosas, naans, parathas, as well as sweets under the InDine brand. The company likewise gives arrangement production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase denotes an amazing turning point for Ariba Foods. Along with our advanced development locations and also export know-how, our team are actually well-positioned to meet Bikaji's production needs. Our tactical area and modern production functionalities will definitely permit us to steer substantial development in the frozen food items classification all together." Extensive Softshare functioned as the syndicator and also consultant for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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