India's LT Foods gains on Saudi investment plans
26/11/2024 06:45
** LT Foods LTOL.NS rises as much as 5.7% to 375 rupees
** FMCG co will invest 185 mln riyals ($49.2 mln) in
warehouses, stocks and people over the next five years in Saudi
Arabia
** Co will also set up local manufacturing facilities in the
country
** Eyes revenue of 435 mln riyals in the same period
** LTOL last up 1.2%, taking YTD gains to ~77%
($1 = 3.7548 riyals)
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
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