SALIC to acquire 9.2% stake in basmati rice producer LT Foods for $55.6m
The Saudi Agricultural and Livestock Investment Company (SALIC) has agreed to acquire a 9.2% stake in LT Foods, an Indian basmati rice processing company, for a total consideration of approximately SAR 209 million (approximately INR 455.5 crores or $55.6 million). The stake acquisition is being done by the fully-owned subsidiary of the Saudi Public Investment […]