ITC has executed the transaction documents, including the Securities Subscription & Purchase Agreement and the Shareholders Agreement, to acquire 100% of the share capital (on a fully diluted basis) of Sproutlife Foods (Sproutlife), in one or more tranches, over a time period of three to four years.
Earlier, the company had divested its entire shareholding of 4,65,09,200 Equity Shares of Rs 10 each i.e. 26% of the paid-up share capital held in its Joint Venture Company Espirit Hotels.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
Company Name | CMP |
---|---|
ITC | 431.10 |
Godfrey Phillips | 4088.50 |
VST Industries | 4320.00 |
The Indian Wood Pro. | 29.35 |
Golden Tobacco | 44.63 |
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