.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent concern in Ujjain-based snacks and also frozen foods business Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Investment will make it possible for Bikaji to enhance its own frozen meals creation functionalities and expand its own market presence, it claimed.” This calculated relocation not merely reinforces our capability for export growth however additionally sustains our entry in to the QSR sector. Through incorporating Ariba’s cutting edge creation capacities, our experts strive to enrich our icy snacks and also savouries producing,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also sells a wide array of snack foods and also icy foods items such as samosas, naans, parathas, and sugary foods under the InDine brand. The firm likewise offers agreement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase marks an impressive milestone for Ariba Foods.
With our sophisticated production facilities as well as export knowledge, our experts are actually well-positioned to meet Bikaji’s manufacturing requirements. Our calculated place and advanced manufacturing capabilities will certainly allow us to steer substantial growth in the frosted food type together.” Intensive Softshare acted as the syndicator and also consultant for the offer. Published On Aug 23, 2024 at 02:25 PM IST.
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