.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 percent concern in Ujjain-based snacks and also icy meals company Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Expenditure will definitely make it possible for Bikaji to enhance its own icy food items development functionalities and broaden its market visibility, it mentioned." This key action not only boosts our capacity for export growth yet likewise sustains our access right into the QSR section. By including Ariba's advanced production capabilities, our company target to improve our icy snack foods and savouries creating," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as offers a wide array of treats and also icy foods items including samosas, naans, parathas, and also desserts under the InDine brand. The company also supplies arrangement production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes an interesting landmark for Ariba Foods. Along with our enhanced development resources and also export expertise, our company are actually well-positioned to meet Bikaji's development necessities. Our tactical area and cutting edge production functionalities are going to enable us to steer substantial development in the frosted meals type together." Extensive Softshare worked as the syndicator and also specialist for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
Sign up with the community of 2M+ business professionals.Sign up for our e-newsletter to acquire most recent insights & review.
Install ETRetail Application.Acquire Realtime updates.Spare your much-loved articles.
Check to download Application.