Liquidity Events
LT Foods buys back Rabo Equity’s stake in organic foods unit for Rs.110-Cr
Publicly-listed, Gurugram-headquartered LT Foods has a cquired the 17.5% stake held by India Agri Business Fund II in Nature Bio Foods Ltd for INR 110 crore. With this Nature Bio Foods Ltd, which is involved in the organic food and premium ingredients business, will become its wholly-owned subsidiary.
In Sep-08, Rabo Equity - via India Agri Business Fund II - had committed to invest INR 140 Cr in Nature Bio Foods.
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