.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent stake in Ujjain-based treats and also frozen meals company Ariba Foods for Rs 60.49 crore, it pointed out in a news release on Friday. The Expenditure is going to enable Bikaji to improve its own frozen food items creation functionalities and increase its own market existence, it claimed." This important relocation certainly not only enhances our ability for export growth however additionally assists our entrance right into the QSR section. Through integrating Ariba's modern production abilities, our team target to boost our icy snacks as well as savouries making," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and markets a selection of snack foods as well as icy foods like samosas, naans, parathas, and sugary foods under the InDine brand. The firm additionally provides contract production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks a thrilling turning point for Ariba Foods. Along with our enhanced development facilities as well as export know-how, we are well-positioned to comply with Bikaji's manufacturing demands. Our tactical location as well as state-of-the-art production capacities will definitely permit us to steer considerable development in the icy meals classification together." Extensive Softshare worked as the syndicator as well as expert for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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