.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent risk in Ujjain-based snacks as well as icy meals provider Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Investment is going to allow Bikaji to enrich its icy food items development abilities and also extend its own market presence, it claimed." This calculated action not only reinforces our capability for export development yet additionally sustains our entrance into the QSR segment. By including Ariba's modern development functionalities, our experts intend to improve our frozen snacks and savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as offers a selection of snack foods and also frozen foods items like samosas, naans, parathas, as well as desserts under the InDine brand. The provider additionally supplies contract production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement marks an interesting breakthrough for Ariba Foods. With our state-of-the-art development locations as well as export experience, our company are well-positioned to comply with Bikaji's production requirements. Our key place and also modern manufacturing abilities will definitely enable our team to steer notable growth in the icy food items group together." Intensive Softshare served as the syndicator and also expert for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
Join the area of 2M+ sector experts.Register for our email list to acquire most current insights & review.
Download And Install ETRetail App.Acquire Realtime updates.Spare your favorite posts.
Browse to download and install Application.