LT Foods trades jubilantly on inking pact to acquire Branded Rice Business of HUL

LT Foods Ltd. | Consumer Food | FMCG | BSE: 532783 | NSE: LTFOODS

18 Mar 2016 Evaluate

LT Foods is currently trading at Rs. 238.20, up by 14.80 points or 6.62% from its previous closing of Rs. 223.40 on the BSE.

The scrip opened at Rs. 235.10 and has touched a high and low of Rs. 243.90 and Rs. 235.10 respectively. So far 9069 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 314.40 on 24-Nov-2015 and a 52 week low of Rs. 96.00 on 26-Mar-2015.

Last one week high and low of the scrip stood at Rs. 243.90 and Rs. 219.00 respectively. The current market cap of the company is Rs. 595.66 crore.

The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 14.46% and 17.82% respectively.

LT Foods, owners of Daawat, has entered into an agreement to acquire the Branded Rice Business of Hindustan Unilever (HUL). The acquisition includes 2 Iconic Brands - Gold Seal Indus Valley and Rozana which have been in business for some decades. The total cost of the acquisition is approximately Rs 25 crore which is subject to closing adjustments and CCI approval. The acquisition will be funded by debt and internal accruals.

The acquisition will strengthen the company’s position in the Middle Eastern Market, as it gives an entry in the markets of Qatar, Oman, and Bahrain in addition to strengthening its existing presence in Saudi Arabia, UAE and Kuwait. Apart from GCC markets, the brand also enjoys latent equity across India, North America, some of the European Union and Asian countries.

LT Foods is one of the country’s leading processor and exporter of packaged rice foods under the flagship brand ‘Daawat’. The brand is among the top players in the domestic branded Basmati Rice markets.

LT Foods Share Price

416.05 -14.60 (-3.39%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Varun Beverages	501.10
Nestle	1480.70
Britannia Inds	5410.35
LT Foods	416.05
Hatsun Agro Product	959.80
View more..

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