India's LT Foods hits near 3-wk high on acquiring Daawat Foods
09/03/2023 08:41
** Shares of LT Foods LTOL.NS rise as much as 4.03% to
105.90 rupees, highest since Feb. 20
** The rice manufacturer and seller completes acquisition of
5.66 mln shares of Daawat Foods from United Farmers Investment
Co
** India's competition regulator had given its nod for the
acquisition on Feb. 14
** Trading volume of ~1.5 mln shares as of 2:05 p.m. IST was
nearly twice the 30-day daily average - Refinitiv data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))
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