Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
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

Other Headlines:

Foseco India Ltd Q1 CY19 PAT up at Rs. 8.62 crore

Hero MotoCorp Ltd board approves dividend of Rs. 32 for 2018-19

Carborundum Universal Ltd Board recommends Final Dividend of Rs. 1.25 for 2018-19

Sumedha Fiscal Services Ltd calls for board meeting on May 18, 2019

Greaves Cotton Ltd Board to consider Buyback of Equity Shares

Hero MotoCorp Ltd announces lower PAT in Q4

HDFC AMC reports surge in Q4 PAT to Rs. 276.17 crore

Indian Energy Exchange Ltd posts Rs. 165.03 crore profit in FY2018-19

Aditya Birla Capital Ltd board to approve fund raising, FY19 results on May 4, 2019

Ultramarine & Pigments Ltd board to consider dividend, FY19 results on May 15, 2019

VLS Finance Ltd board to announce dividend, FY2019 results on May 17, 2019

JMC Projects India Ltd board to approve dividend, FY19 results on May 8, 2019

Morepen Laboratories Ltd board to consider Q4, FY 19 results on May 4, 2019

Maral Overseas Ltd calls for board meeting on May 7, 2019

Carborundum Universal Ltd posts consolidated profit of Rs. 61 crore for Q4 FY 2018-19

Piramal Enterprises Ltd reports plunge in consolidated PAT to Rs. 338.11 crore in Q4 FY2018-19

CARE BBB- rating assigned to long term bank facilities of Tips Industries Limited

ORIGINS by Mahindra World City inaugurated in Chennai

TCS Kicks Off World IP Day Celebrations by winning the National IP Award and WIPO Trophy

Atul Ltd Board approves Dividend of Rs. 15 for 2018-19

Maruti Suzuki lays foundation stone for a Hospital and a School at Sitapur, Gujarat

Oracle Financial Services Software Ltd calls for board meeting on May 9, 2019

Piramal Enterprises Ltd Board approves final dividend of Rs. 28

L&T Board to consider FY19 results & Dividend on May 10, 2019

Simplex Castings Ltd to sell manufacturing unit at Raipur to Texmaco

Texmaco Rail & Engineering Ltd board approves rights issue of Rs. 200 cr

ATUL Ltd Q4 net profit drops QoQ to Rs. 108.54 crore

HDFC Life Insurance Company Ltd Q4 net profit climbs to Rs. 364.01 crore

Mangalam Drugs & Organics Ltd board to approve Q4, FY19 results on May 9, 2019

Magma Fincorp Limited announces early closure of NCD issue on April 30, 2019

Kirloskar Capital Ltd commences business of NBFC

Automotive Stampings & Assemblies Ltd continues to post loss in Q4 FY19

Satin Creditcare Network Ltd board to consider FY19 results, dividend on May 8, 2019

Radio City announced as 'Radio Station of the Year' at Golden Mikes Awards

Zee Media Corporation Ltd board to consider Q4, FY19 results on May 14, 2019

JSPL's Pellet Plant clocks record annual production and dispatch

DE NORA India Ltd board to approve dividend, FY19 results on May 9, 2019

Manappuram Finance Ltd board to consider diversification on April 30, 2019

PVR opens new multiplex at Down Town Retail Mall, Newtown Kolkata

ADC India Communications Limited calls for board meeting on May 28, 2019

TATA Investment Corporation Ltd board to consider dividend, Q4, FY19 results on May 10, 2019

Lupin Ltd board to announce FY19 results, dividend on May 15, 2019

GSFC commissions 10MW solar power project

LT Foods Ltd board to announce final dividend, Q4, FY19 results on May 16, 2019

SICAL Logistics Ltd board to approve Q4, FY19 results on May 17, 2019

Tata Steel Ltd Board approves Dividend of Rs. 13

Rallis India Ltd FY19 Total income crosses Rs. 2000 Crores

MCX Reports Strong Q4 & Full Year Results for FY 2019

United Spirits Ltd board to approve Q4, FY19 results on May 29, 2019

HCL Technologies Expands U.S. Operations with New CyberSecurity Center

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

disclaimer copyright © 2005 - 2019