.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent concern in Ujjain-based snacks as well as frosted foods items company Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Financial investment will certainly permit Bikaji to boost its frosted food production functionalities and also increase its market presence, it said." This important relocation not simply reinforces our capability for export development however likewise sustains our entrance right into the QSR portion. By combining Ariba's modern development capacities, our experts target to boost our icy treats and savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as offers a variety of snack foods and frosted meals such as samosas, naans, parathas, and also sweets under the InDine company. The company likewise provides deal manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes a fantastic milestone for Ariba Foods. Along with our innovative development centers and export proficiency, we are well-positioned to meet Bikaji's development demands. Our critical site and also state-of-the-art manufacturing capabilities will definitely permit our company to steer considerable development in the frozen food items classification all together." Demanding Softshare served as the syndicator and also expert for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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