LT foods has received an approval for raising of funds including by issuance of securities for an aggregate sum not exceeding Rs 500 crore, by way of a public and/or private offering, and/or on a preferential allotment basis including but not limited by way of a Qualified Institutions Placement (QIP) or various other modes of fund raising in one or more tranches on such terms and conditions as may be decided by the Capital Raising Committee of the Board of Directors. The Board of Directors of the Company at their meeting held on October 03, 2017, has approved the same.
LT Foods is a branded specialty foods company. It is engaged in milling, processing and marketing of branded and non-branded basmati rice, and manufacturing of rice food products in the domestic and overseas market.
