.Agent ImageNew Delhi: Bikaji Foods has actually gotten a 55 per cent concern in Ujjain-based treats and also icy meals company Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Investment will allow Bikaji to boost its own icy meals production capabilities and expand its own market visibility, it said." This key action certainly not simply boosts our ability for export growth however likewise assists our entrance right into the QSR sector. Through including Ariba's state-of-the-art development capacities, we strive to boost our frosted snacks and also savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as offers an assortment of treats and also frosted foods like samosas, naans, parathas, and also desserts under the InDine label. The company additionally provides deal manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement notes an exciting milestone for Ariba Foods. Along with our advanced production centers and also export proficiency, our company are well-positioned to fulfill Bikaji's production needs. Our strategic site and also cutting edge manufacturing capabilities will certainly enable us to steer significant development in the icy food classification all together." Intense Softshare worked as the syndicator as well as advisor for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
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