ITC has acquired 100% of the equity share capital of Sunrise Foods on July 27, 2020. Consequent to the above, Sunrise and its two subsidiaries viz., Sunrise Sheetgrah and Hobbits International Foods, have become wholly owned subsidiaries of the company with effect from the aforesaid date.
The acquisition will augment the company’s product portfolio and is aligned to ITC’s aspiration to significantly scale up its Spices business and expand its footprint across the country. The deep consumer connect of Sunrise in the focus markets, together with synergies arising out of the sourcing and supply chain capabilities of the company’s Agri Business and its pan-India distribution network, will provide significant value creation opportunities for the company.
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 | 306.35 |
| Godfrey Phillips | 2169.00 |
| VST Industries | 265.00 |
| The Indian Wood Pro. | 33.99 |
| NTC Industries | 171.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: