.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 per-cent risk in Ujjain-based snacks and also frosted meals business Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Assets will definitely permit Bikaji to enhance its own frosted food development functionalities and also expand its own market presence, it claimed.” This calculated relocation not merely reinforces our capability for export development but also assists our entrance in to the QSR sector. By integrating Ariba’s modern production capacities, our experts aim to enhance our frosted snacks as well as savouries producing,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and offers a wide array of snacks and frozen foods items like samosas, naans, parathas, and desserts under the InDine brand. The business additionally delivers contract manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement marks a thrilling turning point for Ariba Foods.
Along with our innovative production facilities and also export expertise, we are actually well-positioned to comply with Bikaji’s production needs. Our calculated place as well as state-of-the-art manufacturing capabilities will certainly allow our team to steer substantial development in the frosted meals category with each other.” Demanding Softshare acted as the syndicator and consultant for the package. Posted On Aug 23, 2024 at 02:25 PM IST.
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