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ITC Limited’s acquisition of Sproutlife Foods for roughly Rs 645 crores creates a wholly-owned subsidiary
28-Sep-2026, 09:07
ITC Limited announced it has completed the acquisition of the remaining shares of Sproutlife Foods Private Limited, increasing its stake from approximately 47.50% to 100%, making Sproutlife a wholly-owned subsidiary effective September 28, 2026. The acquisition, for a cash consideration of approximately Rs 645 crores, expands ITC’s future-ready portfolio in the foods segment, with Sproutlife engaged in the business of manufacturing and selling food products under the trademark ‘Yoga Bar’ and reporting a turnover of Rs 452 crores in fiscal year 2025-26.