.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per cent concern in Ujjain-based snack foods and also icy meals business Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Investment will definitely permit Bikaji to enrich its frozen food items manufacturing capacities and grow its own market visibility, it stated." This tactical move not simply enhances our capability for export development yet also supports our entry right into the QSR portion. Through including Ariba's modern creation abilities, our team strive to improve our frosted snacks and also savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and offers a range of snacks as well as frozen meals like samosas, naans, parathas, and sweets under the InDine label. The firm also offers contract manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks an exciting turning point for Ariba Foods. With our advanced production centers and also export know-how, our company are actually well-positioned to meet Bikaji's development requirements. Our key location and also advanced production capabilities are going to enable our company to drive substantial development in the frozen food items type all together." Extensive Softshare served as the syndicator and also expert for the deal.
Published On Aug 23, 2024 at 02:25 PM IST.
Sign up with the area of 2M+ business specialists.Subscribe to our newsletter to obtain latest insights & review.
Download And Install ETRetail App.Get Realtime updates.Spare your favorite short articles.
Check to download App.