.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per cent concern in Ujjain-based treats as well as frozen meals provider Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Expenditure will certainly make it possible for Bikaji to enhance its frozen food production functionalities and broaden its market presence, it stated.” This key move not just strengthens our capacity for export development but likewise supports our entry into the QSR sector. By incorporating Ariba’s cutting edge production capacities, our experts aim to improve our icy snacks as well as savouries producing,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods produces and offers a range of snacks as well as frosted foods like samosas, naans, parathas, and desserts under the InDine company. The firm additionally delivers deal production services. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase marks a stimulating landmark for Ariba Foods.
With our state-of-the-art manufacturing centers as well as export know-how, our company are well-positioned to meet Bikaji’s creation requirements. Our critical site and modern production abilities will certainly enable our company to steer considerable development in the frosted meals category together.” Intense Softshare worked as the syndicator and also expert for the package. Released On Aug 23, 2024 at 02:25 PM IST.
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