.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 per-cent concern in Ujjain-based treats as well as frosted foods company Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Financial investment will certainly make it possible for Bikaji to enrich its icy food development abilities and also broaden its market visibility, it stated." This key technique not merely enhances our capacity for export growth yet additionally assists our entrance right into the QSR section. By incorporating Ariba's advanced production capabilities, we strive to boost our frozen snacks and also savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as offers a variety of snacks and also frosted meals like samosas, naans, parathas, as well as sugary foods under the InDine company. The business additionally delivers agreement manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase denotes an impressive milestone for Ariba Foods. With our sophisticated creation facilities and also export proficiency, our team are well-positioned to comply with Bikaji's manufacturing needs. Our key area and cutting edge manufacturing abilities will allow our team to steer notable development in the icy food classification together." Demanding Softshare served as the syndicator as well as expert for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
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