Hemant Malik, Government Director, ITC Ltd
Diversified conglomerate ITC on Thursday introduced that it’s going to purchase 100 per cent share capital of Sresta Natural Bioproducts, an Indian firm primarily engaged in the enterprise of manufacture and sale of natural packaged meals merchandise, for a money consideration of up to ₹472.50 crore.
The Kolkata-headquartered conglomerate additionally signed definitive agreements to purchase a 73.5 per cent stake in Mother Sparsh Child Care, an affiliate firm working in the premium ayurvedic and pure child care house.
In a inventory trade submitting, ITC stated it had signed a Share Buy Settlement right now to purchase 100 per cent of the share capital of Sresta Natural Bioproducts (SNBPL), which manufactures merchandise below the ‘24 Mantra Natural model in the home in addition to internationally markets. SNBPL is a pioneer in the home natural meals house, offering absolutely built-in ‘Farm to Fork’ traceability, and is a number one participant in the natural packaged staples class in India.
The money consideration of this acquisition can be up to ₹472.50 crore on a cash-free debt-free foundation, topic to customary changes as set out in the Share Buy Agreements, comprising Rs 400 crore payable upfront at closing and up to ₹72.50 crore payable in the following 24 months post-closing.
SNBPL’s portfolio contains a variety of over 100 natural merchandise spanning branded grocery staples, spices and condiments, edible oils, drinks, and many others. SNBPL has a robust worldwide presence and a deep reference to the Indian diaspora.
This funding is in line with the ‘ITC Subsequent’ technique articulated by Chairman Sanjiv Puri, which additionally focuses on constructing a future-ready portfolio of merchandise that serve evolving shopper wants, it stated in an announcement.
Commenting on this acquisition, Hemant Malik, Wholetime Director, ITC Restricted, stated, “We’re excited to have 24 Mantra Natural as a part of ITC’s Meals Enterprise’s portfolio of nutrition-led wholesome meals merchandise. 24 Mantra Natural has constructed a strong backend and sourcing community which is core to its trusted natural merchandise portfolio. Aligning with nationwide priorities, we’re assured that 24 Mantra Natural will fortify ITC’s presence and market standing in the excessive progress natural merchandise house, in each Indian and abroad markets”.
ITC presently holds a 26.5 per cent stake in Mother Sparsh. On Thursday, the conglomerate stated {that a} stability 73.5 per cent stake in Mother Sparsh might be acquired by it over two to three years.
“Complete funding of roughly ₹81 crore, in two tranches, to be made by means of a mix of major subscription and secondary share buy by Q1 of FY 2026-27 or such later date as could also be mutually agreed upon by the events,” it stated in the inventory trade submitting.
Mother Sparsh has a bouquet of premium pure and ayurvedic merchandise which are profitable the belief of Indian moms looking for protected and high-quality child care anchored on conventional Indian information. The vary of choices straddles child private care, child well being and hygiene and child professional merchandise. The corporate has adopted a digital-first technique with a strong presence throughout on-line channels.
Printed on April 17, 2025
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