LT Foods incorporates subsidiary in United Kingdom; up 7%

Moneycontrol BureauShare of LT Foods rose 7.5 percent intraday Thursday as has incorporated a subsidiary in United Kingdom.The company has incorporated a subsidiary named as LT Foods International in United Kingdom for strengthening its presence in Europe.The company is evaluating the option to set up a facility in Europe to more effectively service customers in International markets.At 10:18 hrs LT Foods was quoting at Rs 250.05, up Rs 10.85, or 4.54 percent on the BSE.Posted by Rakesh Patil