ITC Ltd.

ITC has acquired 594 Equity Shares of Rs 10 each (through secondary purchase) and 2,201 Compulsorily Convertible Preference Shares of Rs 10 each (through primary subscription) of Mother Sparsh Baby Care (Mother Sparsh) for an aggregate consideration of approximately Rs 50.6 crore. 

Consequent to the above, the company’s shareholding in Mother Sparsh aggregates 39.47% of its share capital (on a fully diluted basis). The acquisition is in line with the company’s strategy to build a future ready suite of products that serve evolving consumer needs.

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.