LT Foods… said that it has entered into a shareholder’s agreement with United Farmers Investment Company in connection with a proposed acquisition of the stake currently held by India Agri Business Fund Ltd and Real Trust by the Investor in Daawat Foods.

— Indiainfoline

LT Foods announced that Saudi Agricultural & Livestock Investment Company has acquired a stake in Daawat Foods (subsidiary of L T Foods) through its subsidiary United Farmers Investment Company.

— Business Standard

It is acquiring 29.91% of equity shares.

AZB & Partners advised Saudi Agricultural and Livestock Investment Company (SALIC);; led by a team of partners Ashwath Rau and Divya Mundra, senior associates John Adwet Raghav and Abhipsita Kundu.

2020-02-12

Deal value: Confidential

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