.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent risk in Ujjain-based snacks as well as frosted foods company Ariba Foods for Rs 60.49 crore, it mentioned in a news release on Friday. The Investment will definitely make it possible for Bikaji to improve its frosted meals manufacturing abilities and grow its market existence, it stated.” This tactical technique certainly not just reinforces our capability for export development however likewise sustains our entry in to the QSR segment. By incorporating Ariba’s state-of-the-art creation capabilities, our team strive to enrich our frosted snacks and also savouries producing,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures as well as markets a selection of snacks as well as frozen foods items including samosas, naans, parathas, and sugary foods under the InDine label. The company also gives deal manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, “This purchase notes a fantastic landmark for Ariba Foods.
Along with our sophisticated manufacturing locations as well as export expertise, we are actually well-positioned to comply with Bikaji’s development necessities. Our important site and advanced manufacturing abilities will permit us to steer considerable development in the icy food items group all together.” Demanding Softshare worked as the syndicator and also expert for the package. Published On Aug 23, 2024 at 02:25 PM IST.
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