LT Foods buys 100% stake in Hungary-based Global Green Europe Kft; shares rise over 2%

“This acquisition is in line with the long term strategy of the company for growth through packaged food and to further strengthen its RTH and RTE segment. This move will allow LT Foods to make further inroads in Central and Southern Europe while adding synergies with its cross distribution network," the company said in an exchange filing.

The transaction will be executed through LT Foods Europe Holdings Limited, a wholly-owned step-down subsidiary. LT Foods will pay €6 million at closing for the 100% equity stake, with the remaining €1.8 million payable over two years via an earn-out mechanism.

Borrowings of the company will also be assumed. The acquisition includes Global Green International (UK) Limited and Greenhouse Agrár Kft., which serve as support and distribution entities. The deal is subject to foreign direct investment (FDI) approval in Hungary. Prowess Advisors, a food and agribusiness-focused investment bank, acted as the exclusive transaction advisor to LT Foods on the deal.

Commenting on the development, V K Arora, the Executive Chairman of LT Foods Limited said, “This acquisition marks an important step forward in our strategy of expanding our product portfolio and global footprint. The acquisition of Global Green Europe Kft. enables us to enter the processed canned food market, leveraging synergies with our existing business in Europe. This acquisition also reinforces our commitment to building a globally diversified food portfolio while maintaining its leadership in rice-based products.”

“We see this as an opportunity to further strengthen our relationship with customers and consumers by offering them a wider range of high-quality, ambient packaged food products, aligned with our purpose of providing ‘Nurturing Goodness’ for people, planet and the community,” he further added.

LT Foods share price

Shares of LT Foods settled 1.92% higher at ₹408 per equity share on the National Stock Exchange (NSE).

In the last five trading sessions, LT Foods' stock has gained 3.63%, though it has fallen 11.29% over the past month. Over a six-month period, the shares have risen 13.18%, but remain down 5.61% so far this year.

The stock touched a 52-week high of ₹518.55 on July 17, 2025, and a 52-week low of ₹288.25 on April 7, 2025. As of October 14, the company’s market capitalisation stood at ₹14,167.92 crore.