.Rep ImageNew Delhi: Bikaji Foods has actually gotten a 55 percent stake in Ujjain-based treats as well as frozen foods items provider Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Assets will certainly allow Bikaji to enhance its frozen meals development functionalities and also broaden its market visibility, it pointed out.” This strategic technique not simply reinforces our ability for export growth however additionally sustains our access in to the QSR sector. Through including Ariba’s state-of-the-art production capabilities, our experts aim to enhance our icy treats and also savouries creating,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and sells a selection of snacks and icy foods items such as samosas, naans, parathas, as well as sugary foods under the InDine company. The company likewise supplies arrangement manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, “This acquisition marks an amazing breakthrough for Ariba Foods.
With our innovative development facilities as well as export know-how, our team are actually well-positioned to satisfy Bikaji’s creation necessities. Our key location and state-of-the-art production abilities are going to allow our team to drive considerable growth in the frosted food items classification all together.” Intense Softshare functioned as the syndicator as well as expert for the package. Published On Aug 23, 2024 at 02:25 PM IST.
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