.Agent ImageNew Delhi: Bikaji Foods has obtained a 55 per cent concern in Ujjain-based treats 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 is going to make it possible for Bikaji to boost its own icy meals manufacturing functionalities and also extend its own market existence, it mentioned." This important action not simply boosts our capacity for export development however additionally supports our access in to the QSR segment. Through combining Ariba's modern manufacturing functionalities, our company strive to boost our frosted treats and also savouries creating," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and markets an assortment of snacks as well as icy meals such as samosas, naans, parathas, and sugary foods under the InDine company. The company likewise delivers agreement production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks an amazing landmark for Ariba Foods. Along with our advanced creation resources as well as export skills, our company are well-positioned to satisfy Bikaji's manufacturing necessities. Our important place as well as state-of-the-art production capabilities will enable us to steer significant growth in the frosted food classification all together." Intense Softshare acted as the syndicator and also specialist for the offer.
Released On Aug 23, 2024 at 02:25 PM IST.
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