.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 percent stake in Ujjain-based snack foods as well as icy foods company Ariba Foods for Rs 60.49 crore, it stated in a press release on Friday. The Investment is going to permit Bikaji to boost its frosted food development abilities as well as grow its market existence, it pointed out." This critical step certainly not merely strengthens our ability for export development however additionally assists our access right into the QSR portion. By combining Ariba's modern manufacturing capabilities, our experts target to improve our frosted snack foods as well as savouries producing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as offers a range of treats and also frosted foods items including samosas, naans, parathas, and also sweets under the InDine company. The provider also provides deal production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This purchase notes a stimulating milestone for Ariba Foods. With our enhanced manufacturing centers as well as export proficiency, our team are well-positioned to satisfy Bikaji's manufacturing necessities. Our key location as well as state-of-the-art manufacturing capacities will definitely permit us to drive considerable growth in the frosted food classification with each other." Demanding Softshare worked as the syndicator as well as expert for the package.
Posted On Aug 23, 2024 at 02:25 PM IST.
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