LT Foods rises on completing acquisition of 17.5% stake in Nature Bio-Foods
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LT Foods is currently trading at Rs. 433.65, up by 1.40 points or 0.32% from its previous closing of Rs. 432.25 on the BSE.
The scrip opened at Rs. 435.20 and has touched a high and low of Rs. 442.15 and Rs. 429.25 respectively. So far 41130 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 451.00 on 10-Dec-2024 and a 52 week low of Rs. 160.05 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 442.15 and Rs. 399.95 respectively. The current market cap of the company is Rs. 15122.87 crore.
The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 13.81% and 35.19% respectively.
LT Foods has completed the acquisition of 17.5% stake in Nature Bio-Foods (the organic arm of the Company), Subsidiary Company of the Company from India Agri Business Fund II, for an amount of Rs 110 crore on December 31, 2024. Post acquisition, Nature Bio-Foods has become a wholly owned subsidiary company of the Company.
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.
