.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 per cent concern in Ujjain-based treats as well as icy foods provider Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Expenditure is going to enable Bikaji to improve its own frozen meals development abilities and broaden its own market presence, it pointed out." This key technique not just boosts our capacity for export development yet also assists our access right into the QSR segment. By incorporating Ariba's cutting edge creation abilities, we target to boost our frozen snacks and savouries creating," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods creates and markets a range of treats and also frosted meals like samosas, naans, parathas, as well as desserts under the InDine company. The firm additionally gives arrangement manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes a fantastic turning point for Ariba Foods. Along with our sophisticated creation centers and export proficiency, our team are well-positioned to comply with Bikaji's production demands. Our strategic area as well as advanced production functionalities will definitely enable our team to steer considerable development in the frozen food category with each other." Demanding Softshare functioned as the syndicator as well as expert for the bargain.
Posted On Aug 23, 2024 at 02:25 PM IST.
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