.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per cent risk in Ujjain-based treats and frozen foods items business Ariba Foods for Rs 60.49 crore, it said in a press release on Friday. The Expenditure is going to enable Bikaji to boost its icy food production capacities as well as extend its market presence, it pointed out.” This critical move certainly not only reinforces our ability for export growth but additionally supports our entrance right into the QSR segment. By combining Ariba’s modern development capacities, our experts strive to enhance our icy snack foods as well as savouries creating,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also markets a wide array of treats as well as icy foods including samosas, naans, parathas, and also sweets under the InDine label. The business additionally gives agreement production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase denotes a fantastic milestone for Ariba Foods.
Along with our sophisticated development facilities as well as export competence, our experts are actually well-positioned to comply with Bikaji’s production necessities. Our critical site and advanced manufacturing capacities are going to permit our company to steer substantial growth in the frozen meals group with each other.” Extensive Softshare acted as the syndicator as well as advisor for the deal. Posted On Aug 23, 2024 at 02:25 PM IST.
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