.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent concern in Ujjain-based snack foods as well as icy foods items business Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Investment will definitely allow Bikaji to improve its icy meals production abilities and also increase its own market presence, it mentioned." This calculated relocation certainly not just strengthens our ability for export growth but likewise sustains our access into the QSR section. By combining Ariba's state-of-the-art development abilities, our team strive to enhance our frozen snack foods and also savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also offers an assortment of snacks and also icy foods items such as samosas, naans, parathas, and also sugary foods under the InDine brand. The provider additionally offers deal production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes a thrilling milestone for Ariba Foods. With our state-of-the-art development resources and export proficiency, we are well-positioned to fulfill Bikaji's development necessities. Our critical site and cutting edge manufacturing capacities will enable us to steer considerable growth in the frozen food category together." Intense Softshare acted as the syndicator and specialist for the deal.
Posted On Aug 23, 2024 at 02:25 PM IST.
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