.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per cent concern in Ujjain-based snacks and also frosted meals provider Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Expenditure will permit Bikaji to enhance its own frozen meals production capacities and broaden its market existence, it claimed.” This tactical technique not just reinforces our capability for export growth but likewise supports our access right into the QSR portion. Through combining Ariba’s modern manufacturing capabilities, we aim to enhance our icy snack foods and also savouries making,” pointed out Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also sells a range of treats and icy foods items like samosas, naans, parathas, as well as sugary foods under the InDine brand. The provider also delivers agreement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, “This procurement denotes a stimulating milestone for Ariba Foods.
Along with our innovative development locations and export skills, our team are actually well-positioned to comply with Bikaji’s manufacturing demands. Our tactical place and modern manufacturing abilities are going to allow our company to steer significant growth in the frosted meals type with each other.” Intensive Softshare worked as the syndicator and also consultant for the bargain. Published On Aug 23, 2024 at 02:25 PM IST.
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