.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent stake in Ujjain-based treats and icy meals company Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Financial investment is going to make it possible for Bikaji to boost its own frozen food items production functionalities and also broaden its market presence, it mentioned." This important step not merely boosts our ability for export development however likewise assists our entrance into the QSR segment. By integrating Ariba's cutting edge manufacturing abilities, our team aim to enhance our frozen treats and also savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and markets a wide array of snack foods and frosted foods such as samosas, naans, parathas, as well as desserts under the InDine brand name. The provider likewise supplies arrangement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement denotes an exciting landmark for Ariba Foods. With our advanced creation resources and also export knowledge, our team are actually well-positioned to meet Bikaji's development demands. Our key place and cutting edge manufacturing functionalities are going to allow our company to drive significant development in the frozen food items classification all together." Intense Softshare functioned as the syndicator and also specialist for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
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