LT Foods to acquire 49% stake in Kameda LT Foods for ₹1.12 Cr

LT Foods Ltd has entered into a Share Purchase Agreement to acquire the entire 49% equity stake held by Kameda Seika Co., Ltd. in their joint venture, Kameda LT Foods (India) Private Limited (KLT). The acquisition, valued at ₹1.12 crore for 2,80,26,726 equity shares, will increase LT Foods' shareholding from 51% to 100%, making KLT a wholly-owned subsidiary. This move is part of Kameda Seika's agreed exit from the joint venture. The transaction is expected to be completed by December 31, 2026, and is subject to regulatory approvals. KLT is involved in the food processing industry, focusing on rice-based snacks.