.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 per cent stake in Ujjain-based snacks and frozen foods items provider Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Assets will permit Bikaji to boost its own icy meals production functionalities as well as grow its market presence, it pointed out." This important move certainly not merely boosts our capacity for export growth however likewise sustains our access in to the QSR segment. Through incorporating Ariba's advanced development capabilities, our experts aim to enrich our frozen snacks as well as savouries making," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as sells a range of treats as well as frozen foods such as samosas, naans, parathas, and also sweets under the InDine label. The firm likewise supplies deal manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks an interesting landmark for Ariba Foods. With our sophisticated manufacturing centers and also export know-how, our team are actually well-positioned to comply with Bikaji's development requirements. Our strategic place and modern manufacturing capabilities will definitely allow our company to drive significant development in the frozen food items category all together." Intense Softshare functioned as the syndicator and also specialist for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
Participate in the area of 2M+ business professionals.Register for our newsletter to get newest knowledge & study.
Download And Install ETRetail App.Get Realtime updates.Spare your favourite articles.
Check to download Application.