ITC has signed a Share Purchase Agreement to acquire 100% of Sresta Natural Bioproducts, known for its ’24 Mantra Organic’ ...

ITC, a diversified conglomerate with a strong presence in the FMCG sector, has signed definitive agreements to acquire 100% of Prasuma, a player in the frozen, chilled, and ready-to-cook foods market.

The Hyderabad-based Sresta Natural Bioproducts Private Limited, which owns the brand, has a wide portfolio of food products focused on the nutrition and organic space, including a range of cooking oil ...

ITC acquires 24 Mantra for Rs 472 crore, tapping into the growing organic food market domestically and internationally.

The ₹131 crore investment comprises a primary equity infusion and secondary share purchases, which will lead to ITC acquiring a substantial minority stake in AFPL.

Consequent to the above, the Company's shareholding in AFPL aggregates 43.75% of its share capital. AFPL is engaged in the business of manufacturing and selling ready to cook snacks & meals, sauces & ...