Lt Foods
Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts
Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead
 "Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts")
LT Foods raises Rs 390 cr by selling shares to SALIC via private placement
LT Foods Ltd on Thursday said it has raised nearly Rs 390 crore by selling shares to Saudi Agricultural and Livestock Investment Company (SALIC) through private placement. In a regulatory filing, the company informed that its board has approved issuance and allotment by way of a preferential allotment on a private placement basis up to 27,408,164 equity shares at a price of Rs 142.23 per share for cash consideration of up to Rs 389.82 crore. The preferential issuance of 27,408,164 equity shares is equivalent to 7.89 per cent equity stake in LT Foods, at Rs 142.23 per share to SALIC, a Saudi Joint Stock Company that is owned by the Public Investment Fund of the Kingdom of Saudi Arabia. In addition, SALIC will acquire a 1.33 per cent equity stake through a secondary share purchase from the promoters group. "Post completion of this transaction, SALIC will hold a 9.22 per cent equity stake in LT Foods. The promoters of the company will continue to hold the majority equity stake of 51 p
 "LT Foods raises Rs 390 cr by selling shares to SALIC via private placement")
LT Foods surges 4%, hits new high on fund raising plan; up 12% in 3 days
The company's board will discuss future strategic plans, inter-alia, potential raising of funds, in their forthcoming meeting on Monday, October 31, 2022
 "LT Foods surges 4%, hits new high on fund raising plan; up 12% in 3 days")
Export ban, duties to weigh on rice mill stocks in near-term, say analysts
Shares of LT Foods, Kohinoor Foods, KRBL, Chaman Lal Setia Exports, for instance, have declined in the range of 2 per cent to 9 per cent, as against 0.4 per cent gain in the Nifty50 index.
 "Export ban, duties to weigh on rice mill stocks in near-term, say analysts")
LT Foods surges 14% in two days on heavy volumes; stock nears 52-week high
Ratings agency CRISIL believes organic business profitability of LT Foods should lead to higher consolidated EBITDA in the fourth quarter of 2022.
 "LT Foods surges 14% in two days on heavy volumes; stock nears 52-week high")
LT Foods Q4 net profit rises 2% to Rs 60 cr; stock falls 10%
Expenses were lower at Rs 1,058.12 crore as against 1,132.89 crore a year ago.
LT Foods' stock gains over 2% after ratings upgrade on bank loan facilities
The credit ratings agency said that the upgrade reflects continuous improvement in group's business and financial risk profiles
 "LT Foods' stock gains over 2% after ratings upgrade on bank loan facilities")
LT Foods hits new high; stock trades ex-stock split
The stock hit a new high of Rs 51, rallied 96% in past three months from Rs 26 on November 7, 2016.
LT Foods hits new high on fixing record date for stock split
The company fixed February 08 as record date for the purpose of sub division of shares from Rs 10 to Re 1.
LT Foods rallies on acquisition of 817 Elephant rice brand
The stock surged 8% to Rs 307 after the company said it has acquired iconic brand 817 Elephant brand of rice through its UK subsidiary LT Foods International Limited.
LT Foods to challenge insurance claim rejection
Oriental Insurance had rejected the Rs 189 cr claim arising out of a fire at LT's Madhya Pradesh mill in 2014
 "LT Foods to challenge insurance claim rejection")
LT Foods surges on acquisition of HUL's rice business
The stock surged 17% to Rs 260 on the BSE on back of heavy volumes.
 "LT Foods surges on acquisition of HUL's rice business")
