.Rep ImageNew Delhi: Bikaji Foods has obtained a 55 per cent risk in Ujjain-based snack foods and also frosted meals firm Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Investment will allow Bikaji to enrich its frozen meals manufacturing capacities and increase its own market existence, it claimed." This critical action not just enhances our capacity for export growth but likewise sustains our access into the QSR portion. By including Ariba's modern creation capacities, our team strive to enhance our icy snacks and savouries manufacturing," stated Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as markets a range of treats and also frozen foods items including samosas, naans, parathas, and also sugary foods under the InDine company. The provider also offers agreement manufacturing companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks a fantastic milestone for Ariba Foods. Along with our sophisticated development resources and also export skills, our company are well-positioned to satisfy Bikaji's production necessities. Our tactical area and advanced manufacturing functionalities will definitely permit us to steer notable growth in the icy food category with each other." Demanding Softshare acted as the syndicator as well as specialist for the package.
Released On Aug 23, 2024 at 02:25 PM IST.
Participate in the area of 2M+ business experts.Sign up for our newsletter to acquire most recent insights & study.
Download And Install ETRetail Application.Acquire Realtime updates.Conserve your favorite short articles.
Browse to download and install App.