.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent concern in Ujjain-based snack foods and also icy foods provider Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Financial investment is going to allow Bikaji to enrich its own frozen food items creation capacities and also extend its market presence, it stated." This strategic action certainly not just strengthens our capacity for export development but additionally sustains our entry right into the QSR segment. Through combining Ariba's cutting edge manufacturing capacities, our experts aim to improve our icy snack foods as well as savouries creating," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces and also sells a wide array of treats and also icy meals like samosas, naans, parathas, as well as sugary foods under the InDine brand name. The business likewise delivers arrangement production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes an impressive breakthrough for Ariba Foods. Along with our advanced development centers and also export competence, our team are actually well-positioned to comply with Bikaji's manufacturing needs. Our calculated area as well as advanced production functionalities will definitely allow us to steer considerable development in the frozen food items type together." Demanding Softshare worked as the syndicator and also expert for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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