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LT Foods acquires 30% stake in Leev Netherlands

20 Jan 2021 Evaluate

LT Foods through its fellow subsidiary -- Nature Bio Foods BV (NBF B.V.), has acquired 30% stake in Leev, Netherlands, with an option to acquire a further 21% stake at the end of 5 years. Nature Bio Foods has established itself as a responsible and dependable organic product and ingredient supplier across the globe. The acquisition of a stake in Leev.nu is in line with long term growth strategy of NBF.

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.

Peers
Company Name CMP
Nestle India 1353.10
Varun Beverages 421.80
Britannia Industries 5016.00
LT Foods 422.75
Hatsun Agro Product 1139.40
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