.Representative ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent concern in Ujjain-based treats as well as frozen meals company Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Assets will permit Bikaji to enrich its frozen food items creation abilities and also grow its own market visibility, it stated." This key action certainly not simply boosts our ability for export growth however also sustains our entrance in to the QSR sector. Through combining Ariba's advanced creation abilities, our experts aim to improve our frosted treats and also savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and markets a wide array of snack foods and frozen foods like samosas, naans, parathas, as well as sugary foods under the InDine brand name. The provider likewise provides deal production companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This acquisition marks an impressive breakthrough for Ariba Foods. With our advanced development facilities and export experience, our company are actually well-positioned to fulfill Bikaji's manufacturing demands. Our critical site as well as modern production capabilities will enable us to steer significant development in the frozen food items type with each other." Intense Softshare served as the syndicator and expert for the offer.
Published On Aug 23, 2024 at 02:25 PM IST.
Join the community of 2M+ sector experts.Register for our email list to get most current insights & review.
Install ETRetail Application.Acquire Realtime updates.Spare your favourite short articles.
Scan to install Application.