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ITC to acquire stake in Mother Sparsh

20 Jun 2023 Evaluate

ITC has entered into definitive agreements to acquire further 857 Compulsorily Convertible Preference Shares of Rs 10 each of Mother Sparsh on June 19, 2023. The said shares, once acquired, will take the Company’s shareholding in Mother Sparsh from 22% to 26.50% (on a fully diluted basis). The said acquisition is in line with the Company’s continued interest in the fast growing Direct to Consumer (D2C) space in the 'personal care' category.

This share acquisition is expected to be completed within 40 days from the date of execution of the agreements. The cost of acquisition is around Rs 11.54 crore. 

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

305.00 -1.80 (-0.59%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 305.00
Godfrey Phillips 2139.25
VST Industries 263.75
The Indian Wood Pro. 33.80
NTC Industries 170.05
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