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The latest announcement is out from LT Foods Limited ( (IN:LTFOODS) ).
LT Foods Limited is setting up a new wholly owned subsidiary in Dubai, UAE, named LTF Global Investments L.L.C., with a capital of AED 3 million, to support and synchronize its international food businesses. The subsidiary will provide global strategic services to LT Foods group companies across key overseas markets, aiming to improve operating efficiencies and synergies, and the investment, treated as a related-party transaction, will be executed on an arm’s length basis through a 100% cash-funded equity subscription, underscoring the company’s focus on strengthening global operations and centralized strategic oversight.
More about LT Foods Limited
LT Foods Limited operates in the food industry and is primarily engaged in rice and other food products with a significant international presence, serving markets including the USA, UK, Europe and other regions through its global businesses.
Average Trading Volume: 42,873
Technical Sentiment Signal: Hold
Current Market Cap: 123.4B INR
For an in-depth examination of LTFOODS stock, go to TipRanks’ Overview page.