.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per cent risk in Ujjain-based snack foods as well as frozen meals company Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Expenditure is going to make it possible for Bikaji to enrich its own frosted food manufacturing capacities and also increase its own market visibility, it mentioned." This tactical step certainly not just enhances our ability for export growth however also assists our access in to the QSR segment. Through combining Ariba's modern creation capabilities, our experts target to improve our frozen snack foods and savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and markets an assortment of treats as well as frozen meals like samosas, naans, parathas, and also sweets under the InDine company. The firm likewise gives agreement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase marks an interesting landmark for Ariba Foods. Along with our enhanced production facilities and also export expertise, our company are well-positioned to satisfy Bikaji's manufacturing necessities. Our calculated site and cutting edge production capabilities will definitely allow our company to drive significant development in the frozen food items type all together." Demanding Softshare worked as the syndicator and specialist for the bargain.
Released On Aug 23, 2024 at 02:25 PM IST.
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