LT Foods has received an approval for the proposed investment of up to Rs 140 crore by India Agri Business Fund II in the share capital of Nature Bio Foods (NBFL), a wholly owned subsidiary of the company, in one or more tranches in terms of the definitive agreements signed amongst the parties and subject to fulfillment of certain conditions as set out in the definitive agreements.
The Board of Directors of the company at their meeting held on August 31, 2018, 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.
