LT Foods Limited has entered into a Share Purchase Agreement to acquire the entire 49% equity stake held by Kameda Seika Co., Ltd. in their joint venture, Kameda LT Foods (India) Private Limited. This strategic move will make Kameda LT Foods a wholly owned subsidiary of LT Foods, consolidating ownership and operational control. The transaction is valued at ₹1.12 crore for 2,80,26,726 equity shares, with completion expected by December 31, 2026.
LT Foods Secures Full Ownership of JV
LT Foods Limited has announced its acquisition of the remaining 49% equity stake in Kameda LT Foods (India) Private Limited, a joint venture with Kameda Seika Co., Ltd. This transaction, formalized through a Share Purchase Agreement signed on September 16, 2026, will transform Kameda LT Foods into a wholly owned subsidiary of LT Foods Limited. This consolidation of ownership is expected to streamline operations and enhance strategic decision-making for the entity.
Transaction Details and Rationale
The acquisition involves the purchase of 2,80,26,726 equity shares, representing 49% of Kameda LT Foods’ capital, for a total cost of ₹1.12 crore. The rationale behind this move is to gain complete ownership and control over the business, following the agreed exit of Kameda Seika Co., Ltd. from the joint venture. Kameda LT Foods (India) Private Limited is engaged in the manufacturing and sale of rice-based snack products and primarily operates in India.
Indicative Timeline and Consideration
The transaction is anticipated to be completed by December 31, 2026. The consideration for this acquisition will be in the form of cash. Upon completion, LT Foods Limited’s shareholding in Kameda LT Foods will increase from its current 51% to 100%.
Background of Kameda LT Foods
Kameda LT Foods (India) Private Limited was incorporated under the Companies Act, 2013, and established on March 14, 2017. The company specializes in rice-based snack products, including brands like Kaki Kari, KRISPY HOPU, and Okaki. Its operations are primarily focused within India.
Financial Snapshot
The turnover details for Kameda LT Foods (India) Private Limited for the last three financial years are as follows:
- As on March 31, 2026: Rs. 1403 lakhs
- As on March 31, 2025: Rs. 1432 lakhs
- As on March 31, 2024: Rs. 736 lakhs
Source: BSE
