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Bikaji Foods gets 55% risk in Ariba Foods for Rs 60.5 cr, ET Retail

.Representative ImageNew Delhi: Bikaji Foods has actually gotten a 55 per cent risk in Ujjain-based snack foods and icy foods firm Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Investment will certainly make it possible for Bikaji to enrich its own icy food manufacturing capabilities and broaden its market existence, it claimed." This important step certainly not only strengthens our capability for export development however likewise supports our access into the QSR segment. Through combining Ariba's modern development capabilities, our experts aim to boost our icy snack foods and savouries manufacturing," pointed out Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods manufactures and sells an assortment of snacks and icy foods items like samosas, naans, parathas, and sweets under the InDine label. The company additionally gives agreement production companies. Gaurav Baheti, Marketer of Ariba Foods commented, "This procurement marks a fantastic turning point for Ariba Foods. With our advanced creation centers and export know-how, we are well-positioned to fulfill Bikaji's development needs. Our tactical place and advanced manufacturing abilities will certainly permit our company to drive substantial development in the frosted meals type together." Demanding Softshare functioned as the syndicator and also specialist for the offer.
Posted On Aug 23, 2024 at 02:25 PM IST.




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