.Rep ImageNew Delhi: Bikaji Foods has gotten a 55 per-cent stake in Ujjain-based treats and also frozen meals provider Ariba Foods for Rs 60.49 crore, it said in a news release on Friday. The Assets will permit Bikaji to improve its own frozen food items production abilities and also expand its market existence, it stated.” This important move certainly not only reinforces our capacity for export development yet likewise supports our access in to the QSR section. By combining Ariba’s state-of-the-art manufacturing capacities, we aim to enrich our frozen treats and savouries making,” stated Deepak Agarwal, MD, Bikaji Foods International.
Ariba Foods produces and also sells a selection of treats and frozen meals like samosas, naans, parathas, as well as sweets under the InDine company. The company likewise provides deal manufacturing solutions. Gaurav Baheti, Promoter of Ariba Foods commented, “This procurement notes an interesting milestone for Ariba Foods.
With our sophisticated manufacturing resources and export proficiency, our team are well-positioned to meet Bikaji’s manufacturing necessities. Our critical place and advanced manufacturing abilities will allow our company to steer substantial growth in the frozen food type all together.” Demanding Softshare functioned as the syndicator as well as expert for the bargain. Posted On Aug 23, 2024 at 02:25 PM IST.
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