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

.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent risk in Ujjain-based snack foods and icy meals provider Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Assets is going to enable Bikaji to improve its own icy food production capacities as well as grow its own market existence, it mentioned." This important action certainly not merely strengthens our ability for export development however likewise assists our entrance in to the QSR section. Through integrating Ariba's state-of-the-art manufacturing abilities, we aim to improve our icy snacks as well as savouries making," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as markets a variety of snack foods and also icy meals including samosas, naans, parathas, and sugary foods under the InDine brand name. The firm also delivers arrangement manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes an interesting breakthrough for Ariba Foods. With our enhanced development facilities and export expertise, we are well-positioned to meet Bikaji's development requirements. Our critical site as well as state-of-the-art production capacities will allow our team to steer significant development in the icy food items category together." Intensive Softshare worked as the syndicator and also expert for the deal.
Released On Aug 23, 2024 at 02:25 PM IST.




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