.Rep ImageNew Delhi: Bikaji Foods has obtained a 55 per-cent risk in Ujjain-based treats as well as frosted foods provider Ariba Foods for Rs 60.49 crore, it pointed out in a press release on Friday. The Expenditure is going to allow Bikaji to enhance its own icy food items creation abilities and extend its own market existence, it said.” This tactical step not just strengthens our capacity for export growth however likewise supports our entry in to the QSR portion. Through integrating Ariba’s cutting edge creation capabilities, our company strive to improve our frozen snacks and savouries creating,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates as well as markets a range of snacks and frosted foods including samosas, naans, parathas, and also sweets under the InDine label. The firm likewise delivers contract manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement notes an impressive milestone for Ariba Foods.
Along with our innovative creation locations and also export competence, our company are well-positioned to comply with Bikaji’s production demands. Our strategic area as well as modern production functionalities will definitely allow our company to drive significant development in the frozen food group all together.” Demanding Softshare worked as the syndicator as well as expert for the offer. Published On Aug 23, 2024 at 02:25 PM IST.
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