.Agent ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent risk in Ujjain-based treats as well as frosted foods business Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Investment will permit Bikaji to enrich its own frozen meals manufacturing functionalities and broaden its market visibility, it pointed out." This calculated step certainly not merely enhances our capability for export development yet also assists our entrance in to the QSR portion. By incorporating Ariba's cutting edge production functionalities, we aim to improve our frosted snack foods as well as savouries creating," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes and offers a range of treats as well as frosted meals including samosas, naans, parathas, and also sugary foods under the InDine brand. The provider additionally provides contract production solutions. Gaurav Baheti, Promoter of Ariba Foods commented, "This procurement denotes an exciting breakthrough for Ariba Foods. With our state-of-the-art production locations and export expertise, we are well-positioned to satisfy Bikaji's creation necessities. Our calculated location and also advanced manufacturing capacities are going to enable us to drive substantial development in the frosted food type together." Intensive Softshare worked as the syndicator and also advisor for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
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