CCI approves acquisition of certain equity share capital of LT Foods Limited by SALIC International Investment Corporation

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..... CCI approves acquisition of certain equity share capital of LT Foods Limited by SALIC International Investment Corporation - News and Press Release Dated:- 14-2-2023 - News - The Competition Commission of India (CCI) approves acquisition of certain equity share capital of LT Foods Limited by SALIC International Investment Corporation under Section 31(1) of the Competition Act, 2002 . Acqu .....

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..... irer SALIC International Investment Corporation ( SIIC ) is an unlisted limited liability company based in Riyadh, Kingdom of Saudi Arabia. It is fully owned and controlled by Saudi Agricultural and Livestock Investment Company ( SALIC ). SALIC is an investment company with holdings in various international companies specialized in the fields of agriculture and trading of food commodities both .....

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..... in Saudi Arabia and internationally. SALIC s agri-business is focused on farming and procurement as well as importing commodities into the Kingdom of Saudi Arabia. Targets LT Foods Limited ( LT Foods ) is a 70-year-old consumer food company engaged in the specialty rice-based foods business across the globe. LT Foods has a subsidiary Daawat Foods Limited ( DFL ). The business of LT Foods .....

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..... and DFL in India comprises basmati and other specialty rice led by brands such as Daawat and other regional brands such as Heritage, Devaaya, Chef Secretz, Rozana, etc. catering to a diverse customer portfolio, ranging from value to premium consumers. Detailed order of the CCI will follow. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementi .....

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..... ndia.com - TMI - TaxTMI - TMITax .....

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