.Representative ImageNew Delhi: Bikaji Foods has acquired a 55 per-cent concern in Ujjain-based treats as well as frosted foods firm Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Expenditure is going to allow Bikaji to boost its own icy food items development abilities and increase its market visibility, it stated." This tactical relocation not simply reinforces our ability for export development however likewise sustains our entrance right into the QSR portion. Through including Ariba's cutting edge development functionalities, we intend to enrich our frosted snack foods as well as savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and offers a selection of treats as well as frosted foods including samosas, naans, parathas, and also sweets under the InDine brand. The provider likewise gives arrangement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition notes a stimulating breakthrough for Ariba Foods. Along with our enhanced creation resources and export expertise, we are well-positioned to fulfill Bikaji's production demands. Our strategic location and also advanced production capacities will allow our company to steer notable development in the icy meals classification all together." Intensive Softshare worked as the syndicator as well as specialist for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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