.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 percent stake in Ujjain-based treats and also frosted meals company Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Assets will permit Bikaji to improve its icy food items manufacturing capabilities and also grow its market existence, it said.” This critical move certainly not simply boosts our capability for export growth yet also supports our entrance right into the QSR segment. Through combining Ariba’s state-of-the-art production functionalities, our team target to enrich our icy treats as well as savouries making,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also sells a wide array of treats as well as frosted foods items including samosas, naans, parathas, as well as sugary foods under the InDine label. The provider additionally provides deal production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase marks a fantastic turning point for Ariba Foods.
Along with our sophisticated creation facilities and export skills, our experts are well-positioned to meet Bikaji’s development needs. Our calculated location as well as state-of-the-art production functionalities will certainly enable our company to steer considerable growth in the icy food group together.” Demanding Softshare worked as the syndicator and also specialist for the deal. Posted On Aug 23, 2024 at 02:25 PM IST.
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