.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 percent risk in Ujjain-based snacks and also frosted foods business Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Investment will permit Bikaji to enrich its own icy food items manufacturing functionalities and also increase its own market presence, it claimed." This critical action certainly not just reinforces our capability for export growth but additionally sustains our entrance into the QSR segment. Through including Ariba's cutting edge manufacturing capabilities, our company strive to enhance our icy snacks and savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates as well as sells a variety of snacks as well as frozen foods items such as samosas, naans, parathas, and desserts under the InDine brand name. The business likewise provides deal manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase marks an impressive milestone for Ariba Foods. With our advanced production locations and export skills, our company are well-positioned to satisfy Bikaji's development necessities. Our strategic area and also advanced manufacturing capacities are going to permit us to steer considerable development in the icy food category with each other." Intensive Softshare functioned as the syndicator as well as consultant for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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