The promoters held 56.81% of the company, while Institutions and Non-Institutions held 8.61% and 34.57%, respectively. LT Foods has completed the acquisition of 5,655,341 Daawat Foods equity shares from United Farmers Investment Company. Daawat Foods will become a wholly owned subsidiary of the Company following the completion of the transaction. Earlier in November 2022, the company received approval to execute a Share Purchase Agreement with United Farmers Investment Company and Daawat Foods for the acquisition of a stake in Daawat Foods worth $5,655,341. LT Foods is a manufacturer of branded specialty foods. It mills, processes, and markets branded and unbranded basmati rice, as well as manufactures rice food products for the domestic and international markets.
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