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

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....CI approves acquisition of certain equity share capital of LT Foods Limited by SALIC International Investment Corporation <br>News and Press Release<br>Dated:- 14-2-2023<br><BR>The Competition Commiss....

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....ion 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. Acquirer S....

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....ALIC 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....

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.... 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 in Saudi Arab....

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....ia 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-yea....

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....r-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 and DFL in India compris....

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....es 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 ....

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....value to premium consumers. Detailed order of the CCI will follow.<BR> News - Press release - PIB....