.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent risk in Ujjain-based snack foods as well as icy meals business Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Expenditure will certainly make it possible for Bikaji to enhance its own frozen food manufacturing abilities and broaden its own market presence, it mentioned." This critical move certainly not merely reinforces our capacity for export growth yet additionally sustains our entry into the QSR segment. By including Ariba's advanced production functionalities, our team strive to boost our frosted treats and also savouries manufacturing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as sells a wide array of treats and also icy meals including samosas, naans, parathas, and sugary foods under the InDine brand name. The firm also delivers deal manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase denotes a fantastic milestone for Ariba Foods. With our state-of-the-art production facilities and export skills, our experts are well-positioned to fulfill Bikaji's manufacturing requirements. Our key place as well as cutting edge production abilities will certainly enable our company to steer notable development in the frozen food group with each other." Intensive Softshare served as the syndicator and consultant for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
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