India: LT Foods raises $19.7m from Rabo Equity for its organic food unit

LT Foods Ltd, known for its rice brand Daawat, has raised Rs 140 crore from existing investor Rabo Equity Advisors for its wholly-owned subsidiary Nature Bio Foods Ltd (NBFL) in lieu of an equity stake, the firm stated in an exchange announcement on Monday. Rabo Equity Advisors, focused on investments in food and agribusiness sectors will be investing out of its India Agri Business Fund II.