.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent risk in Ujjain-based snack foods as well as frosted foods items company Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Investment will certainly make it possible for Bikaji to enhance its frozen food items development capabilities and increase its own market existence, it claimed." This calculated technique certainly not just enhances our capacity for export growth yet likewise sustains our entrance right into the QSR segment. Through integrating Ariba's state-of-the-art creation capabilities, we intend to improve our frosted snacks as well as savouries manufacturing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and also markets a wide array of snack foods and also frosted foods items such as samosas, naans, parathas, as well as desserts under the InDine company. The business also supplies contract production services. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase denotes a fantastic turning point for Ariba Foods. Along with our innovative production centers and export skills, our team are well-positioned to meet Bikaji's production requirements. Our key location as well as cutting edge manufacturing capacities will definitely enable us to drive notable growth in the icy food items group all together." Intense Softshare worked as the syndicator and also consultant for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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