.Agent ImageNew Delhi: Bikaji Foods has actually acquired a 55 percent concern in Ujjain-based snacks and also frozen meals firm Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Investment will certainly allow Bikaji to boost its frozen food manufacturing functionalities and grow its market presence, it pointed out." This critical action certainly not only strengthens our ability for export development however likewise sustains our entry into the QSR portion. By incorporating Ariba's cutting edge development abilities, our company strive to improve our frosted snacks and also savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as sells a wide array of snack foods and also frozen meals such as samosas, naans, parathas, and also sweets under the InDine brand. The company likewise supplies deal production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes a stimulating landmark for Ariba Foods. With our advanced production resources and export proficiency, our team are well-positioned to comply with Bikaji's production demands. Our tactical place and also cutting edge manufacturing functionalities are going to permit our company to drive significant growth in the frosted food type with each other." Intense Softshare served as the syndicator and expert for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
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