23
Mar
New Delhi: The Allana Group, exporter of processed food products and agro commodities, has picked up a minority stake in LT Foods, a leading consumer products company in India. The Group has picked up a one per cent stake in LT Foods with an investment of Rs 20 crore. Announcing the acquisition, the group said that both companies have plans to use their synergies and technology transfer to expand LTs consumer products business to focus on value-added and impulse products. The Allana Group distributes premium brands such as London Dairy Ice Cream, Sunny Oil, and Pristine Bakery. It is India’s…