.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 percent stake in Ujjain-based treats and frozen foods business Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Assets will permit Bikaji to enrich its own icy meals development abilities as well as extend its market presence, it stated." This key action not simply enhances our capacity for export development but also assists our entry in to the QSR portion. By incorporating Ariba's modern creation capabilities, our company strive to enhance our frosted snacks as well as savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and offers a range of snack foods and frosted meals like samosas, naans, parathas, as well as desserts under the InDine brand name. The provider likewise provides contract production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks an exciting milestone for Ariba Foods. With our state-of-the-art creation resources as well as export expertise, our team are well-positioned to satisfy Bikaji's development needs. Our key place as well as advanced production capacities are going to enable our team to steer notable development in the frozen meals classification with each other." Intensive Softshare served as the syndicator and also expert for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.
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