.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent risk in Ujjain-based snacks and also frosted foods provider Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Assets will allow Bikaji to enrich its icy meals creation capabilities and also grow its own market visibility, it claimed.” This tactical move not simply boosts our capability for export development however additionally sustains our entry into the QSR portion. By including Ariba’s cutting edge creation capabilities, our company target to enhance our frosted snacks and also savouries manufacturing,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also markets a range of treats and also icy foods items like samosas, naans, parathas, as well as sweets under the InDine brand. The provider likewise offers arrangement manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement notes an exciting landmark for Ariba Foods.
With our enhanced manufacturing locations and also export proficiency, we are actually well-positioned to satisfy Bikaji’s production necessities. Our tactical place as well as state-of-the-art production capabilities will definitely permit our team to drive notable growth in the frozen food items classification all together.” Extensive Softshare acted as the syndicator and advisor for the deal. Released On Aug 23, 2024 at 02:25 PM IST.
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