.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 per cent stake in Ujjain-based treats and frosted foods provider Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Assets will enable Bikaji to enhance its own icy food creation functionalities and extend its own market existence, it said." This critical relocation certainly not merely boosts our capacity for export growth however also supports our entrance into the QSR section. By incorporating Ariba's state-of-the-art creation functionalities, our experts strive to improve our frosted snack foods and also savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also markets a selection of snack foods and icy foods items like samosas, naans, parathas, as well as desserts under the InDine company. The provider also delivers deal manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase denotes an impressive breakthrough for Ariba Foods. Along with our sophisticated creation facilities and also export competence, our experts are well-positioned to comply with Bikaji's manufacturing demands. Our critical place as well as advanced production capabilities will certainly enable us to drive notable growth in the frosted food classification with each other." 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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