INSUBCONTINENT EXCLUSIVE:
Shares of LT Foods climbed over 2 per cent today as the board approved the proposed investment of up to Rs 140 crore by India Agri Business
Fund II in Nature Bio Foods, a wholly owned subsidiary of the company.
The announcement was made on Friday post market hours.
The scrip was
trading 2.35 per cent up at Rs 56.70 at around 9.40 am
It opened at Rs 56.45 and touched an intraday high and low of Rs 56.80 and Rs 55.65, respectively, so far
approved the proposed investment of up to Rs 140 crore by India Agri Business Fund II Ltd in the share capital of Nature Bio Foods (NBFL), a
wholly owned subsidiary of the company, in one or more tranches in terms of the definitive agreements signed among the parties and subject
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.
