LT Foods’ material wholly-owned subsidiary -- LT Foods Americas (LTFA) has acquired 51% stake in Golden Star Trading Inc. along with its brand Golden Star with a call option to further acquire 49% stake at the end of 3 years. LTFA is a material non-listed subsidiary of the Company contributing more than 35% to the overall revenue through its flagship brand Royal in North America. The acquisition entails strengthening share of LTFA in the branded Jasmine Rice Market.
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.
| 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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