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Bikaji Foods obtains 55% concern in Ariba Foods for Rs 60.5 cr, ET Retail

.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent concern in Ujjain-based treats as well as frozen foods provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Expenditure will permit Bikaji to enhance its own frosted food items creation abilities as well as extend its market existence, it mentioned." This key action not merely enhances our capacity for export development yet additionally assists our access right into the QSR sector. Through incorporating Ariba's state-of-the-art creation functionalities, our company strive to enrich our icy snacks as well as savouries manufacturing," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and also sells an assortment of treats as well as frozen foods items such as samosas, naans, parathas, as well as desserts under the InDine brand. The company likewise gives deal manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition marks a fantastic breakthrough for Ariba Foods. Along with our innovative creation resources as well as export know-how, we are well-positioned to satisfy Bikaji's manufacturing necessities. Our strategic area as well as modern production capabilities will allow our company to drive significant growth in the icy food group all together." Intense Softshare worked as the syndicator and expert for the package.
Released On Aug 23, 2024 at 02:25 PM IST.




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