.Rep ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent risk in Ujjain-based treats and also frozen meals business Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Financial investment will definitely make it possible for Bikaji to improve its own frosted meals creation abilities and expand its own market presence, it stated.” This critical action certainly not just boosts our ability for export development but additionally sustains our entrance in to the QSR portion. By combining Ariba’s modern development abilities, our team strive to enrich our frosted treats and savouries creating,” mentioned Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes and also sells a range of treats as well as frozen foods items like samosas, naans, parathas, and also sweets under the InDine label. The business likewise gives arrangement manufacturing services. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement notes a fantastic landmark for Ariba Foods.
With our enhanced manufacturing resources as well as export proficiency, our experts are well-positioned to meet Bikaji’s manufacturing necessities. Our key site and also cutting edge production capacities will certainly allow our team to steer considerable development in the frosted food items group all together.” Intensive Softshare acted as the syndicator as well as expert for the package. Released On Aug 23, 2024 at 02:25 PM IST.
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