ITC Limited has informed the Exchange about Entering into Agreements for acquisition of shares of Sresta Natural Bioproducts Private Limited and Mother Sparsh Baby Care Private Limited
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Awaiting price reaction for this filing.
ITC Limited has signed agreements to acquire shares in two private companies — Sresta Natural Bioproducts Private Limited (known for the '24 Mantra Organic' brand) and Mother Sparsh Baby Care Private Limited. Sresta operates in the organic food segment, while Mother Sparsh is in the natural baby care products space. Both deals are aimed at strengthening ITC's fast-growing FMCG and consumer products portfolio. The acquisitions align with ITC's strategy to expand in the health, wellness, and natural/organic categories. No specific deal value or open offer trigger has been mentioned in this filing.
Positive for ITC shareholders — the deals expand ITC's presence in high-growth organic food and baby care segments, supporting its long-term FMCG diversification away from traditional tobacco business. Share price may react favourably if deal valuations are seen as reasonable.