.Representative ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent risk in Ujjain-based snack foods as well as frozen foods business Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Financial investment will permit Bikaji to enhance its own frosted food items development functionalities and also expand its own market presence, it said.” This critical action certainly not merely reinforces our capability for export growth however likewise sustains our entrance in to the QSR segment. By combining Ariba’s modern creation capacities, our experts target to enhance our icy snack foods and savouries producing,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods manufactures and sells a variety of snacks and frosted foods items such as samosas, naans, parathas, as well as sweets under the InDine brand. The firm additionally gives deal manufacturing services. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement denotes an interesting milestone for Ariba Foods.
Along with our enhanced manufacturing resources and export experience, our company are actually well-positioned to satisfy Bikaji’s production demands. Our important location and also cutting edge manufacturing capabilities are going to permit our company to steer substantial growth in the frosted meals type together.” Intensive Softshare functioned as the syndicator as well as expert for the package. Released On Aug 23, 2024 at 02:25 PM IST.
Sign up with the community of 2M+ field experts.Subscribe to our e-newsletter to receive most up-to-date knowledge & evaluation. Install ETRetail Application.Acquire Realtime updates.Conserve your preferred posts. Browse to install App.