.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per cent risk in Ujjain-based snacks and frozen foods items provider Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Expenditure will certainly allow Bikaji to enhance its own icy meals manufacturing abilities and grow its own market presence, it stated.” This strategic technique certainly not only enhances our capacity for export growth but additionally supports our entrance into the QSR segment. Through incorporating Ariba’s state-of-the-art creation functionalities, we target to enhance our frosted snacks and savouries creating,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes and markets a variety of snacks and also frosted foods items including samosas, naans, parathas, and also desserts under the InDine brand name. The business additionally provides agreement manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This acquisition marks an amazing landmark for Ariba Foods.
With our sophisticated creation centers and also export skills, our company are well-positioned to satisfy Bikaji’s production demands. Our tactical site and cutting edge production abilities will permit our team to drive notable development in the frozen food group with each other.” Extensive Softshare acted as the syndicator as well as consultant for the package. Published On Aug 23, 2024 at 02:25 PM IST.
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