ITC acquires stake in Sproutlife Foods

12 Mar 2024 Evaluate

ITC has acquired 2,356 Compulsorily Convertible Preference Shares of Rs 10 each of Sproutlife Foods (Sproutlife), in terms of the Securities Subscription & Purchase Agreement and the Shareholders Agreement executed on April 19, 2023. The cost of acquisition is Rs 50 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

464.60 -1.75 (-0.38%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
ITC 464.60
Godfrey Phillips 5355.30
VST Industries 334.70
The Indian Wood Pro. 58.03
Golden Tobacco 39.83
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