Acquisitions28 Sept 2026, 08:30 pm
ITC Ltd Acquires 100% Stake in Sproutlife Foods for ₹645 Cr
AI Summary
ITC Ltd has announced the complete acquisition of Sproutlife Foods Private Limited, a company known for its 'Yoga Bar' brand. The acquisition involved the purchase of an additional 13,445 equity shares, bringing ITC's total stake to 100%. The total consideration for this acquisition amounts to approximately ₹645 crores. Sproutlife Foods, incorporated in 2015, operates in the new and innovative food products sector, with a strong digital-first approach and growing offline presence. This move aligns with ITC's strategy to strengthen its future-ready portfolio in the foods segment.
Key Highlights
- ITC Ltd now holds 100% of Sproutlife Foods Private Limited.
- The total acquisition cost is approximately ₹645 crores.
- Sproutlife Foods operates under the 'Yoga Bar' brand in the food products sector.
- The acquisition is part of ITC's strategy to expand its food portfolio.
Price Impact
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