ITC has executed Share Purchase Agreement for acquisition of 100% of the share capital of Sresta Natural Bioproducts (SNBPL). In line with the strategy to augment the company’s future ready portfolio, the transaction will fortify ITC’s presence and market standing in the high growth organic products segment in both Indian and overseas markets. Cost of acquisition is Rs 472.50 crore. The share acquisition is expected to be completed in Q1 of FY 2025-26 or such later date as may be mutually agreed upon by the Parties.
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.
