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LT Foods zooms on incorporating Step-Down subsidiary company
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LT Foods is currently trading at Rs. 175.35, up by 10.05 points or 6.08% from its previous closing of Rs. 165.30 on the BSE.
The scrip opened at Rs. 165.30 and has touched a high and low of Rs. 176.90 and Rs. 165.30 respectively. So far 319652 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 176.90 on 31-Jul-2023 and a 52 week low of Rs. 85.00 on 11-Aug-2022.
Last one week high and low of the scrip stood at Rs. 176.90 and Rs. 156.00 respectively. The current market cap of the company is Rs. 6069.98 crore.
The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 9.78% and 39.22% respectively.
LT Foods has incorporated Step-Down subsidiary company in the name of ‘LT Foods UK’ on July 17, 2023 to expand and strengthen its presence in UK. LT Foods UK’s main object inter-alia is to deal into rice and rice based products and offer food solutions to its consumers.
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.
