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Bikaji Foods gets 55% risk in Ariba Foods for Rs 60.5 cr, ET Retail

.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent concern in Ujjain-based treats and frosted foods firm Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Expenditure will certainly permit Bikaji to enrich its frozen food creation abilities and also extend its market existence, it claimed." This calculated technique not simply boosts our ability for export development however likewise assists our entry right into the QSR portion. Through including Ariba's modern manufacturing capabilities, our company aim to improve our frosted snacks and savouries creating," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also markets a range of treats and frozen foods items including samosas, naans, parathas, and also sugary foods under the InDine brand name. The business additionally offers contract production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes an exciting landmark for Ariba Foods. With our sophisticated creation facilities and also export experience, our team are actually well-positioned to comply with Bikaji's manufacturing necessities. Our key area and state-of-the-art manufacturing functionalities are going to permit our company to steer significant development in the icy food items group together." Intense Softshare worked as the syndicator as well as advisor for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.




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