Kameda Seika Co., Ltd.

India's LT Foods is acquiring the remaining 49% stake in its rice-snacks joint venture with Japan's Kameda Seika. In a stock-exchange filing yesterday, LT Foods said it had struck a deal with Kameda Seika to buy its entire holding in Kameda LT Foods (India) Private Limited for Rs11.2m, or $117,026. The purchase lifts LT Foods' stake in the venture from 51% to 100%, making the business a wholly owned subsidiary, with the transaction expected to close by 31 December subject to legal requirements and other customary regulatory filings. Kameda Seika said in a separate disclosure in Japan that after restructuring its North American business and weighing the future of its overseas operations, it determined the share transfer would contribute to the growth of the joint venture and to its medium- to long-term growth strategy. The partners set up the venture in 2017 to manufacture and market rice snacks in India, including Kaki Kari, Krispy Hopu and Okaki; LT Foods said the JV posted turnover of Rs140.3m in the year ended 31 March, against Rs143.2m in 2025 and Rs73.6m in 2024, while Kameda Seika's filing showed net sales of Rs141m and a net loss of Rs121.1m for the same year.