.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent concern in Ujjain-based snack foods as well as frozen foods items company Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Investment will permit Bikaji to improve its frosted food production capabilities as well as grow its own market presence, it mentioned." This calculated technique not only strengthens our ability for export growth however also supports our entry into the QSR segment. By integrating Ariba's state-of-the-art production abilities, our experts intend to enhance our frozen treats and savouries producing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and also sells a variety of treats and also frosted foods items such as samosas, naans, parathas, as well as sweets under the InDine brand name. The firm additionally gives deal production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks an impressive landmark for Ariba Foods. Along with our advanced development resources as well as export competence, our company are actually well-positioned to comply with Bikaji's creation demands. Our critical location and also modern manufacturing capabilities will enable our company to drive substantial growth in the icy meals classification together." Intensive Softshare worked as the syndicator and also advisor for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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