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LT Foods’ arm acquires 51% stake in Golden Star Trading

04 Mar 2022 Evaluate

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.

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
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