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ITC to acquire 100% stake in Sproutlife Foods

18 Jan 2023 Evaluate

ITC has signed a Binding Term Sheet on January 16, 2023, to acquire 100% of the share capital (on a fully diluted basis) of Sproutlife Foods, an Indian company primarily engaged in the business of manufacture and sale of food products under the trademark ‘Yoga Bar’, subject to execution of transaction documents setting out the terms and conditions on which the proposed acquisition will be consummated.

In line with the strategy to augment the Company’s future ready portfolio, the proposed acquisition will strengthen and expand its reach with innovative food products for health conscious consumers.

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.

ITC Share Price

306.80 3.35 (1.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 306.80
Godfrey Phillips 2207.10
VST Industries 265.10
The Indian Wood Pro. 34.45
NTC Industries 172.00
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