Avendus Capital Advises LT Foods on Investment of INR 455.5 CR From SALIC for 9.22% Equity Stake

Our partnership with SALIC is strategic in nature and goes beyond financial investment. The tripling of investment in LT Foods by SALIC is an expression of their confidence in our ability to grow faster than the market. Together, we have developed a deep understanding of the needs of consumers in the Middle East related to food products and it will open doors for LT Foods to further strengthen its presence in this segment.

I take this opportunity to thank the management of SALIC for showing confidence in LT Foods’ business model and growth strategy

The extension of our partnership with LT Foods is in-line with SALIC’s strategy to contribute to the food security objectives. Our 3 years old investment in Daawat Foods Ltd. gave us an understanding of the management style of LT Foods, their market and business understanding and their deep commitment to sustainability, innovation to always serve its consumers better. This gave us the confidence to increase our investment in LT Foods and build a strong strategic partnership with the Company.

It is an honor for us to advise LT Foods, one of the leading consumer food company globally. Over the last 70 years, the company has built a legacy by creating multiple leadership brands across the globe and has continuously evolved to adapt to consumer needs and preferences. I’m sure that this new partnership with SALIC will accelerate LT Foods’ growth journey across products and geographies.