.Representative ImageNew Delhi: Bikaji Foods has gotten a 55 per cent concern in Ujjain-based snack foods as well as frozen foods items company Ariba Foods for Rs 60.49 crore, it claimed in a press release on Friday. The Expenditure will permit Bikaji to boost its own icy meals development capacities and also broaden its market existence, it claimed." This critical relocation not merely enhances our ability for export growth but likewise supports our entrance in to the QSR segment. By including Ariba's cutting edge production capabilities, our team aim to improve our frozen snack foods as well as savouries making," said Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and sells a variety of snack foods and icy foods such as samosas, naans, parathas, and sugary foods under the InDine company. The firm likewise supplies agreement manufacturing solutions. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks a thrilling breakthrough for Ariba Foods. With our innovative development locations and export experience, we are well-positioned to fulfill Bikaji's development necessities. Our tactical location as well as modern manufacturing capabilities will permit us to steer substantial development in the frozen food items classification all together." Demanding Softshare acted as the syndicator as well as expert for the bargain.
Published On Aug 23, 2024 at 02:25 PM IST.
Join the area of 2M+ market specialists.Sign up for our newsletter to receive most recent ideas & review.
Install ETRetail App.Receive Realtime updates.Save your much-loved articles.
Scan to download and install App.