.Rep ImageNew Delhi: Bikaji Foods has actually obtained a 55 per cent concern in Ujjain-based snacks and also icy foods items company Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Expenditure is going to allow Bikaji to boost its frosted food items creation abilities as well as extend its market existence, it said.” This key relocation certainly not just boosts our capability for export development yet likewise sustains our access right into the QSR segment. Through combining Ariba’s advanced creation abilities, our team strive to enhance our icy snack foods and also savouries making,” said Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods creates and also sells a variety of snacks and also icy meals such as samosas, naans, parathas, and sweets under the InDine brand name. The provider also supplies deal manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This purchase notes a fantastic landmark for Ariba Foods.
With our state-of-the-art production locations and also export know-how, our company are well-positioned to fulfill Bikaji’s creation demands. Our calculated area as well as state-of-the-art manufacturing capacities are going to allow us to drive significant growth in the icy food type together.” Intensive Softshare acted as the syndicator and expert for the offer. Posted On Aug 23, 2024 at 02:25 PM IST.
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