.Agent ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent stake in Ujjain-based snacks as well as frozen meals provider Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Investment will certainly allow Bikaji to enrich its frozen food production functionalities and expand its own market visibility, it said.” This strategic relocation not simply enhances our capability for export growth but additionally supports our entry into the QSR section. By integrating Ariba’s advanced manufacturing capacities, our company target to enrich our frozen snacks as well as savouries creating,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and also sells a variety of treats as well as frosted foods items including samosas, naans, parathas, and desserts under the InDine label. The company likewise delivers deal manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement notes a stimulating landmark for Ariba Foods.
Along with our sophisticated manufacturing centers as well as export skills, our experts are actually well-positioned to fulfill Bikaji’s manufacturing needs. Our strategic location and also cutting edge manufacturing abilities will allow us to steer substantial development in the frozen food group together.” Demanding Softshare worked as the syndicator and also specialist for the offer. Released On Aug 23, 2024 at 02:25 PM IST.
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