Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Nature Bio Foods Ltd secures equity funding from Rabobank's India Agri Business Fund II Ltd

Posted On: 2018-09-04 22:45:33

LT Foods Ltd., an emerging Global Food Company with focus on Specialty Rice - Basmati, Organic Food and Rice based Convenience products announced that its Board of Directors at a meeting held on August 31, 2018 approved the infusion of equity capital by Rabobank's India Agri Business Fund II Ltd. into NBFL, which is a wholly owned subsidiary of the Company. This facilitates investment of up to Rs.140 crore in the global organic foods business in one or multiple stages, subject to concerned parties meeting predefined conditions in the joint agreement.

During FY18 the organic foods business reported revenues of Rs. 351 crore up 49% YoY, and reflecting a strong CAGR growth of over 40% since FY13. NBFL enjoys a substantial presence in the organic ingredients space through multi-year agreements with large institutional customers. The equity investment from Rabobank will facilitate further development of a retail consumer portfolio through the 'EcoLife' brand, which offers rice, rice flour, staples, spices, nuts, etc.

Since inception the organic foods business has built direct relationships with 80,000 farmers representative of 12.4% of the total organic farmers in India. The extensive sourcing infrastructure through sustainable farming techniques covers 15 Indian states, 116,000 hectares of land and captures ~8% of the total certified organic land in the country. The entire operation including the sourcing, processing and selling being practices followed, are globally certified by leading institutions.

Commenting on the occasion Mr. Ashwani Arora, Managing Director & CEO of LT Foods said, "I am very pleased with how Nature Bio Foods has scaled up over the years as a leading supplier of organic ingredients internationally. The approval from our Board towards equity investment by Rabobank's India Agri Business Fund II will help us carry out our strategic vision for this business, which is to develop an extensive branded portfolio with a continuous growth in ingredient business as well.

Today we are in a position to leverage the world-class infrastructure that we have created in the backend. We will utilize this equity infusion to fuel the next leg of growth as we will build/strengthen our 'EcoLife' brand in India and globally as well.

Across the world Rabobank is renowned for their understanding of Agri & Foods ventures and with their strong presence and network in Europe will help us grow our business multifold in this segment. We are proud of our existing association with them and intend to continue the partnership through a more robust approach as we build out the organic food business to its full potential."

Adding further Mr. Rajesh Kumar Srivastava, Chairman and Managing Director, Rabo Equity Advisors Private Limited shared, "The opportunity to participate in an organic food venture with strong global and domestic potential is very exciting. We have great respect and admiration for LT Foods, in their dedication towards creating a world-class food businesses.

We believe that LT Foods' global organic food venture is the best in its class and is truly at an inflection point to deliver profitable growth on a sustained basis in the years to come, through its branded portfolio.

The business enjoys a clear head start given its focus on developing a strong backend where it is working with numerous farmer households to support the adoption of sustainable farming techniques in order to create a strong source of livelihood for them.

The India Agri Business Fund II has been created with a vision to support the further development of precisely such novel ventures and we are committed to driving this mutual agreement to greater heights."

Shares of LT FOODS LTD. was last trading in BSE at Rs.54.1 as compared to the previous close of Rs. 55.85. The total number of shares traded during the day was 90215 in over 1069 trades.

The stock hit an intraday high of Rs. 56.2 and intraday low of 53.9. The net turnover during the day was Rs. 4942645.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Laffans Petrochemicals Ltd reports jump in Q2 PAT to Rs. 2.93 crores

RSWM Ltd Q2 PAT at Rs. 8.08 crores

Porwal Auto Components Ltd reports higher PAT of Rs. 1.21 crores in Q2

Sun Pharma Q2 FY19 loss at Rs. 218.82 crores

Shreyans Industries Ltd Q2 net profit up at Rs. 8.62 crores

GE T&D India Ltd Q2 PAT higher at Rs. 51.48 crores

Arman Financial Services Ltd Q2 FY19 consolidated PAT vaults to Rs. 5.40 crores

Shivalik Rasayan Ltd Q2 net profit down to Rs. 4.53 crores

INEOS Styrolution India Ltd Q2 PAT slumps to Rs. 7.01 crores

Mayur Uniquoters Ltd posts lower Q2 FY19 net profit of Rs. 20.02 crores

Lovable Lingerie Ltd Q2 net profit down to Rs. 1.39 crore

DCM Ltd reports PAT of Rs. 3.02 crores in Q2 FY19

Sunteck Realty Ltd Q2 net profit falls to Rs. 54.66 crores

DISA India Ltd Q2 FY19 PAT vaults to Rs. 9.12 crores

NMDC Ltd Q2 PAT lower at Rs. 636.49 crores

IRCON International Ltd Q2 net profit climbs to Rs. 83.57 crores

Novartis India Ltd Q2 PAT slides to Rs. 9.37 crores

Kama Holdings Ltd posts net profit of Rs. 18.41 crores in Q2 FY19

KIFS Financial Services Ltd Q2 net profit flat at Rs. 0.647 crore

Engineers India Ltd Q2 net profit at Rs. 97.77 crores

SMS Lifesciences India Ltd Q2 PAT zooms to Rs. 4.41 crores

IITL Projects Ltd Q2 FY19 net profit jumps to Rs. 3.03 crores

Skipper Ltd Q2 net profit plunges to Rs. 2.49 crore

Varroc Engineering Ltd Q2 consolidated net profit climbs to Rs. 100.86 crores

United Bank of India Q2 loss at Rs. 883.17 crores

Bombay Dyeing and Manufacturing Company Ltd Q2 FY19 PAT surges to Rs. 246.28 crores

Ramky Infrastructure Ltd Q2 net profit up at Rs. 11.28 crores

IST Ltd Q2 FY19 net profit soars to Rs. 3.30 crores

Vardhman Holdings Ltd Q2 net profit declines to Rs. 23.04 crores

Jaysynth Dyestuff India Ltd Q2 PAT jumps to Rs. 1.18 crore

Mangalam Cement Ltd reports net profit of Rs. 3.12 crores in Q2

JBM Auto Ltd posts consolidated Q2 PAT of Rs. 23.20 crores

Apollo Tyres Ltd consolidated Q2 PAT falls to Rs. 146.04 crores

Paul Merchants Ltd Q2 PAT at Rs. 4.28 crores

Shristi Infrastructure Development Corporation Ltd posts net profit of Rs. 0.33 crore in Q2

Allsec Technologies Ltd Q2 FY19 consolidated PAT drops on provision

B & A Ltd Q2 net profit slips to Rs. 15.22 crores

Hawkins Cookers Ltd Q2 FY19 net profit lower at Rs. 17.59 crores

Indian Terrain Fashions Ltd Q2 PAT up at Rs. 8.19 crores

Allahabad Bank Q2 loss at Rs. 1822.71 crores

Anup Malleable Ltd reports H1 FY19 net profit of Rs. 1.719 crore

Kamdhenu Ltd Q2 FY19 PAT rises to Rs. 5.19 crores

Captain Pipes Ltd H1 net profit at Rs. 0.17 crore

Sutlej Textiles & Industries Ltd Q2 PAT falls to Rs. 24.85 crores

Mirza International Ltd Q2 consolidated PAT slips to Rs. 16.10 crores

Southern Magnesium & Chemicals Ltd Q2 PAT zooms to Rs. 0.88 crore

Morganite Crucible India Ltd posts higher PAT in Q2 FY19

B&A Packaging India Ltd Q2 PAT declines to Rs. 1.50 crore

DIL Ltd Q2 consolidated PAT zooms to Rs. 31.95 crores

Universal Starch-Chem Allied Ltd Q2 loss at Rs. 1.08 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018