ITC Ltd.

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.