Acquisitions13 Jun 2025, 09:12 pm
ITC Ltd Acquires Sresta Natural Bioproducts Private Limited for ₹ 400 Crores
AI Summary
ITC Ltd has completed the acquisition of Sresta Natural Bioproducts Private Limited (SNBPL) for a cash-free, debt-free consideration of ₹ 400 crores, with an additional ₹ 72.50 crores payable in the next 24 months. SNBPL is a leading player in the organic packaged staples category, with a strong network of farmers and certified organic land. The acquisition is expected to fortify ITC’s presence and market standing in the high growth organic products segment in both Indian and overseas markets.
Key Highlights
- ITC Ltd acquires Sresta Natural Bioproducts Private Limited for ₹ 400 crores
- Additional consideration of up to ₹ 72.50 crores payable in the next 24 months
- SNBPL is a pioneer and leading player in the organic packaged staples category
- SNBPL has a strong network of appx. 27,500 farmers and appx. 1.4 lakh acres of certified organic land
- The acquisition is expected to fortify ITC’s presence and market standing in the high growth organic products segment