.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent concern in Ujjain-based snack foods and frozen foods items company Ariba Foods for Rs 60.49 crore, it mentioned in a press release on Friday. The Financial investment will allow Bikaji to enhance its frosted food items manufacturing functionalities and expand its market existence, it pointed out." This key move not simply strengthens our ability for export development but likewise supports our entrance in to the QSR segment. By including Ariba's cutting edge manufacturing abilities, our experts strive to enhance our frosted snack foods as well as savouries producing," mentioned Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures as well as markets a selection of snacks as well as frozen meals including samosas, naans, parathas, and also desserts under the InDine label. The provider likewise provides contract manufacturing companies. Gaurav Baheti, Promoter of Ariba Foods commented, "This purchase notes a stimulating turning point for Ariba Foods. Along with our sophisticated manufacturing centers and also export knowledge, our experts are actually well-positioned to satisfy Bikaji's development needs. Our critical location and also modern production capacities will certainly enable us to steer considerable development in the frozen food items classification all together." Extensive Softshare functioned as the syndicator and also specialist for the package.
Published On Aug 23, 2024 at 02:25 PM IST.
Join the neighborhood of 2M+ field experts.Register for our newsletter to receive most up-to-date knowledge & analysis.
Download And Install ETRetail App.Obtain Realtime updates.Conserve your favorite short articles.
Browse to download and install Application.