Acquisitions1 Apr 2026, 12:10 pm
ITC Ltd Acquires Majority of Directors' Nomination Rights in Sproutlife Foods, Making it a Subsidiary
AI Summary
ITC Ltd has acquired the right to nominate majority of the Directors on the Board of Sproutlife Foods Private Limited, making it a subsidiary of the Company. This acquisition is in line with ITC's strategy to augment its future ready portfolio in the foods segment. Sproutlife, incorporated in 2015, is engaged in the business of manufacturing and selling food products under the trademark ‘Yoga Bar’. The company has seen a steady growth in its turnover over the last three years.
Key Highlights
- ITC Ltd acquires the right to nominate majority of Directors in Sproutlife Foods Private Limited
- Sproutlife becomes a subsidiary of ITC Ltd
- Acquisition aligns with ITC's strategy to augment its future ready portfolio in the foods segment
- Sproutlife's turnover has grown steadily over the last three years
- Sproutlife operates under the trademark ‘Yoga Bar’, primarily in the digital space with a growing offline presence