LT Foods has received approval from board for acquisition of additional 4% stake in Raghunath Agro Industries, Subsidiary Company. With the objective of making Raghunath Agro Industries as a wholly owned subsidiary of the Company, the 4% stake is being acquired by the Company. The said acquisition will be completed by March 31, 2025.
The Board of Directors of the Company at their meeting held on January 27, 2025, has inter-alia considered and 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.
