Latest Markets Business BEEPS Earnings Personal Finance

CCI Approves SALIC International's Stake Purchase In LT Foods

LT Foods is engaged in rice-based foods business, led by brands such as Daawat.

PTI

Daawat rice. (Source: Company website)

The Competition Commission of India on Tuesday approved the purchase of stake in LT Foods by SALIC International Investment Corp.

SIIC is owned and controlled by Saudi Agricultural and Livestock Investment Company.

CCI has approved acquisition of certain equity share capital of LT Foods Ltd by SALIC International Investment Corporation, according to an official release.

Last year in November, LT Foods said it has raised nearly Rs 390 crore by selling shares to Saudi Agricultural and Livestock Investment Company through private placement.

LT Foods is engaged in rice-based foods business, led by brands such as Daawat.

Deals beyond a certain threshold have to be approved by CCI, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

Tariffs Pushing Up Prices, But Wider Impact Unclear, Says Powell After Fed Rate Cut

  • chevron-double-right US tariffs are increasing prices but their broader impact remains unclear, says Fed Chair Powell
  • chevron-double-right Rising jobless claims and higher unemployment influenced the Fed's decision to resume rate cuts
  • chevron-double-right Powell expects tariff-driven inflation to be short-lived despite current upward pressure on prices
More Beeps chevron-right

RECOMMENDED FOR YOU

Why Do We Need To Invest In Infrastructure Beneath Foundation Models
timelogo Sep 10, 2025
USFDA Issues Form 483 With Eight Observations To Aurobindo's Telangana Unit
timelogo Sep 05, 2025
NDTV To Raise Rs 400 Crore Via Rights Issue To Fund Expansion
timelogo Sep 04, 2025
Paytm To Invest Rs 455 Crore In Subsidiaries Paytm Money, Paytm Services Via Rights Issue
timelogo Aug 25, 2025

POPULAR

1
Tariffs Pushing Up Prices, But Wider Impact Unclear, Says Powell After Fed Rate Cut
2
Fed Resumes Rate-Cut Cycle After Nine Months With 25 Bps Reduction; Sees Two More This Year
3
Fed's First Rate Cut Of 2025 To Powell Speaking On Jobs, Tariffs, Inflation — Key Highlights
4
Wall Street Sees Muted Response To Fed Decision: Markets Wrap
5
Nokia Hires Intel Executive To Lead Push Into AI Data Centers