LT Foods: Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

This in furtherance to the last intimation sent to the Stock Exchanges dated 13th February 2020 wherein we have informed that LT Foods Limited has entered into a shareholders agreement (SHA) with United Farmers Investment Company (Investor) - a subsidiary of Saudi Agricultural & Livestock Investment Company (SALIC) i.e owned by the Public Investment Fund of the Kingdom of Saudi Arabia in connection with the acquisition by the Investor of 29.91% stake held by India Agri Business Fund Ltd and Real Trust (collectively the Existing Shareholders) in Daawat Foods Limited (DFL) - a majority owned subsidiary of the Company.
In accordance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 we hereby inform you that the Investor has completed its acquisition of the 29.91 % stake held by the Existing Shareholders in DFL for an aggregate consideration of $ 17.23 million.