.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 percent concern in Ujjain-based snack foods and also frosted meals firm Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Financial investment will enable Bikaji to boost its icy meals production abilities and also expand its own market existence, it said.” This important technique not merely reinforces our ability for export development yet additionally sustains our access right into the QSR segment. By integrating Ariba’s modern creation functionalities, we strive to improve our frozen snacks and savouries creating,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates as well as offers an assortment of snack foods and frosted meals including samosas, naans, parathas, and also sweets under the InDine brand name. The provider also gives agreement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase marks an interesting breakthrough for Ariba Foods.
With our advanced production centers and also export knowledge, our experts are actually well-positioned to comply with Bikaji’s creation needs. Our key location and advanced production abilities will certainly enable us to drive considerable growth in the frosted meals group all together.” Demanding Softshare served as the syndicator and specialist for the offer. Released On Aug 23, 2024 at 02:25 PM IST.
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