Tag: LT Foods

Allana Group Picks Up Minority Stake in Consumer Giant LT Foods

Allana Group Picks Up Minority Stake in Consumer Giant LT Foods

News
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 largest exporter of frozen and chilled meat, processed and frozen fruit and vegetable products, coffee, spices and cereals to over 85 countries. The group is making several strategic investments in...