.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per cent stake in Ujjain-based snack foods and also frozen foods items firm Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Expenditure is going to make it possible for Bikaji to boost its icy food items manufacturing capabilities as well as broaden its market existence, it mentioned." This tactical move not just enhances our capacity for export growth however likewise supports our access in to the QSR sector. Through integrating Ariba's state-of-the-art creation capacities, our team intend to boost our frosted treats and savouries creating," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods produces as well as markets a wide array of treats as well as frozen foods like samosas, naans, parathas, as well as desserts under the InDine brand. The provider additionally supplies agreement manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement notes a fantastic breakthrough for Ariba Foods. Along with our innovative manufacturing centers and also export experience, we are well-positioned to comply with Bikaji's production demands. Our calculated location and cutting edge manufacturing functionalities will certainly enable our company to drive notable growth in the icy meals type together." Demanding Softshare worked as the syndicator and specialist for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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