.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent risk in Ujjain-based snack foods and also icy foods items firm Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Financial investment will certainly permit Bikaji to enrich its frozen food creation capabilities and also extend its market presence, it mentioned.” This calculated move not just boosts our ability for export development however also assists our access in to the QSR segment. By incorporating Ariba’s state-of-the-art production abilities, our team aim to boost our frozen treats and also savouries producing,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures as well as markets a range of snack foods and frosted meals like samosas, naans, parathas, and also desserts under the InDine brand. The business also gives deal production companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This acquisition denotes a fantastic milestone for Ariba Foods.
Along with our innovative manufacturing centers and also export skills, our company are well-positioned to satisfy Bikaji’s creation demands. Our calculated site as well as advanced production capacities are going to allow our team to drive significant development in the icy food items category all together.” Intensive Softshare functioned as the syndicator and also specialist for the package. Posted On Aug 23, 2024 at 02:25 PM IST.
Join the community of 2M+ sector professionals.Sign up for our email list to obtain newest understandings & analysis. Download ETRetail App.Acquire Realtime updates.Spare your favorite articles. Check to install App.