.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 per-cent risk in Ujjain-based snack foods as well as frosted foods items provider Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Assets is going to permit Bikaji to enhance its own icy food manufacturing abilities as well as extend its own market presence, it pointed out.” This key action certainly not only reinforces our capability for export development but additionally supports our access right into the QSR sector. By incorporating Ariba’s modern development capabilities, our team aim to enhance our icy snack foods as well as savouries creating,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and markets a selection of snack foods and icy meals including samosas, naans, parathas, as well as sugary foods under the InDine brand name. The provider additionally delivers contract production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement notes an impressive breakthrough for Ariba Foods.
With our innovative creation centers and also export know-how, our company are well-positioned to meet Bikaji’s development necessities. Our strategic location as well as state-of-the-art production capabilities are going to permit us to steer significant growth in the frozen food type all together.” Intense Softshare acted as the syndicator and also specialist for the bargain. Published On Aug 23, 2024 at 02:25 PM IST.
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