.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent risk in Ujjain-based snacks as well as frosted foods firm Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Financial investment will certainly permit Bikaji to enhance its own icy meals production capacities and also increase its own market visibility, it claimed." This calculated action certainly not simply boosts our capacity for export development yet additionally sustains our access in to the QSR section. Through integrating Ariba's cutting edge creation abilities, our experts aim to improve our frosted snacks as well as savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also offers an assortment of snack foods as well as frosted meals like samosas, naans, parathas, as well as desserts under the InDine brand. The business likewise offers agreement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes a thrilling landmark for Ariba Foods. With our advanced development resources as well as export skills, our team are well-positioned to comply with Bikaji's manufacturing demands. Our critical site and also modern manufacturing abilities will definitely allow our company to drive notable growth in the frosted food items group all together." Extensive Softshare functioned as the syndicator as well as advisor for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
Join the community of 2M+ market specialists.Subscribe to our newsletter to obtain most up-to-date insights & study.
Download ETRetail App.Acquire Realtime updates.Save your favourite write-ups.
Check to download Application.