.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 per-cent stake in Ujjain-based snack foods and also frozen meals business Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Assets is going to allow Bikaji to enrich its frozen food items production functionalities and increase its market presence, it mentioned.” This strategic move not just enhances our capacity for export development yet likewise supports our access into the QSR sector. By integrating Ariba’s advanced development capabilities, our team aim to enhance our icy treats and savouries creating,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and offers a variety of snacks and icy foods like samosas, naans, parathas, as well as sugary foods under the InDine brand. The provider additionally gives deal manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement marks a stimulating breakthrough for Ariba Foods.
Along with our enhanced production centers and also export knowledge, we are well-positioned to comply with Bikaji’s production necessities. Our strategic location and state-of-the-art production abilities will certainly enable our team to drive substantial development in the frosted food category together.” Extensive Softshare served as the syndicator and specialist for the bargain. Published On Aug 23, 2024 at 02:25 PM IST.
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