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LT Foods moves up on the bourses

22 May 2020 Evaluate
LT Foods is currently trading at Rs. 20.90, up by 0.10 points or 0.48% from its previous closing of Rs. 20.80 on the BSE.

The scrip opened at Rs. 20.65 and has touched a high and low of Rs. 21.05 and Rs. 20.55 respectively. So far 2534 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 32.80 on 28-May-2019 and a 52 week low of Rs. 13.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 21.80 and Rs. 20.05 respectively. The current market cap of the company is Rs. 660.48 crore.

The promoters holding in the company stood at 56.17%, while Institutions and Non-Institutions held 8.07% and 35.76% respectively.

SALIC (Saudi Agricultural & Livestock Investment Company) through its subsidiary United Farmers Investment Company has acquired stake in LT Foods’ subsidiary -- Daawat Foods (DFL).

The transaction in DFL entails acquisition of 29.81% stake of India Agri Business Fund, sponsored by Rabobank and 0.1% stake of REAL Trust, by United Farmers Investment Company, subsidiary of SALIC for an amount of $ 17.23 million. There shall be no impact on the shareholding of LT Foods, as the transaction has been carried out in its subsidiary company. Further, there is no change in stake owned by LT Foods in its majority owned subsidiary DFL. LT Foods shall continue to hold the balance stake of 70.09%.

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.

LT Foods Share Price

422.10 2.90 (0.69%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Varun Beverages 474.05
Nestle 1285.65
Britannia Inds 5733.75
LT Foods 422.10
Hatsun Agro Product 979.20
View more..

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