.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent concern in Ujjain-based snack foods as well as frozen meals company Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Investment will certainly make it possible for Bikaji to boost its frozen food creation functionalities as well as broaden its own market existence, it claimed.” This important step not just boosts our capacity for export development however additionally sustains our entrance right into the QSR portion. By incorporating Ariba’s advanced development abilities, our team strive to improve our frosted treats and savouries producing,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and offers a variety of treats as well as frosted foods items like samosas, naans, parathas, as well as sugary foods under the InDine company. The company also offers agreement manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase marks a thrilling breakthrough for Ariba Foods.
Along with our innovative creation facilities and also export skills, our experts are actually well-positioned to comply with Bikaji’s creation demands. Our important place and also advanced production abilities will certainly allow us to drive notable development in the frozen food items category all together.” Demanding Softshare served as the syndicator and expert for the offer. Posted On Aug 23, 2024 at 02:25 PM IST.
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