.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per cent risk in Ujjain-based snacks and icy foods items firm Ariba Foods for Rs 60.49 crore, it stated in a news release on Friday. The Investment will enable Bikaji to improve its own icy food items development capacities and also expand its market visibility, it stated.” This tactical technique certainly not merely enhances our capacity for export growth yet also sustains our entry in to the QSR sector. By integrating Ariba’s modern production functionalities, our team target to enrich our icy treats and also savouries creating,” claimed Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods makes as well as sells a range of snack foods as well as frozen foods items including samosas, naans, parathas, and also sugary foods under the InDine company. The provider additionally provides contract production solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement denotes an interesting turning point for Ariba Foods.
With our state-of-the-art development locations and also export expertise, our team are well-positioned to fulfill Bikaji’s creation demands. Our calculated area as well as cutting edge manufacturing capacities will certainly allow our team to steer significant development in the frosted food classification with each other.” Extensive Softshare functioned as the syndicator and also expert for the offer. Published On Aug 23, 2024 at 02:25 PM IST.
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