- ITC, a diversified conglomerate, acquires 100% stake in Sresta Natural Bioproducts (SNBPL) for Rs 472.5 crore.
- SNBPL is a pioneer in the domestic organic foods space.
- ITC also signs agreements to acquire the balance 73.5% stake in Mother Sparsh Baby Care.
table:
| Details | Description |
|---|---|
| Acquisition Price | Up to Rs 472.5 crore on a cash-free debt-free basis. |
| Payment Terms | Rs 400 crore payable upfront at closing and up to Rs 72.5 crore payable in the next 24 months post closing. |
| SNBPL’s Portfolio | Over 100 organic products spanning branded grocery staples, spices and condiments, edible oils, beverages, etc. |
| SNBPL’s Presence | Strong international presence. |
“I am excited to have ‘24 Mantra Organic’ as part of ITC’s Foods Business’s portfolio. ‘24 Mantra Organic’ has built a robust back-end and sourcing network which is core to its trusted organic products portfolio. Aligning with national priorities, we are confident that ‘24 Mantra Organic’ will fortify ITC’s presence and market standing in the high growth organic products space, in both India and abroad.”
— Hemant Malik, Whole-time Director, ITC Limited.
- SNBPL’s portfolio comprises over 100 organic products.
- SNBPL has a strong international presence.
- ITC’s investment in SNBPL is in line with the ‘ITC Next’ strategy.
Key Highlights:
- ITC Acquires 100% Stake in Sresta Natural Bioproducts (SNBPL)
- Acquisition Price: Up to Rs 472.5 Crore
- Payment Terms: Rs 400 Crore Payable Upfront and Up to Rs 72.5 Crore Payable in 24 Months
- SNBPL’s Portfolio Includes Over 100 Organic Products
- SNBPL Has a Strong International Presence
- ITC’s Investment in SNBPL is in Line with the ‘ITC Next’ Strategy
ITC, a diversified conglomerate, has announced its intention to acquire 100% of the share capital of Sresta Natural Bioproducts (SNBPL), a leading player in the domestic organic foods space. The acquisition is valued at up to Rs 472.5 crore, with the consideration being paid on a cash-free debt-free basis. This transaction is part of ITC’s strategic expansion into the organic products market and aims to fortify its presence in the high-growth space.
SNBPL, which manufactures products under the ’24 Mantra Organic’ brand, has built a robust back-end and sourcing network, which is critical to its trusted organic products portfolio. With its strong international presence, SNBPL is poised to leverage ITC’s global network and resources to drive growth and expansion.
ITC has also signed agreements to acquire the balance 73.5% stake in Mother Sparsh Baby Care, an associate company operating in the premium Ayurvedic and natural baby care space. This investment is in line with ITC’s ‘ITC Next’ strategy, which focuses on building a future-ready portfolio of products that serves evolving consumer needs.
“We are excited to have ’24 Mantra Organic’ as part of ITC’s Foods Business’s portfolio,” said Hemant Malik, Whole-time Director, ITC Limited. “We are confident that ’24 Mantra Organic’ will fortify ITC’s presence and market standing in the high-growth organic products space, in both India and abroad.”
SNBPL’s portfolio comprises over 100 organic products, including branded grocery staples, spices and condiments, edible oils, beverages, and more. The company also has a strong international presence, with a significant presence in key markets such as the US, Europe, and Australia.
The acquisition of SNBPL is expected to drive growth and expansion for ITC in the organic products market, with ITC leveraging its global network and resources to support SNBPL’s growth plans.
ITC’s investment in SNBPL is a strategic move to expand its presence in the high-growth organic products space, which is expected to drive growth and expansion for the company in the coming years.
As part of its ‘ITC Next’ strategy, ITC is focused on building a future-ready portfolio of products that serves evolving consumer needs. The acquisition of SNBPL is in line with this strategy, which aims to drive growth and expansion in the organic products market.
The acquisition of SNBPL is a significant move for ITC, which is expected to drive growth and expansion for the company in the coming years. With its strong international presence and robust back-end and sourcing network, SNBPL is poised to leverage ITC’s global network and resources to drive growth and expansion.
The company has not disclosed the details of the acquisition, but it is expected to drive growth and expansion for ITC in the organic products market. The acquisition is seen as a strategic move by ITC to expand its presence in the high-growth space.
SNBPL’s portfolio includes a range of organic products, including branded grocery staples, spices and condiments, edible oils, beverages, and more. The company has a strong international presence, with a significant presence in key markets such as the US, Europe, and Australia.
ITC’s ‘ITC Next’ strategy focuses on building a future-ready portfolio of products that serves evolving consumer needs. The acquisition of SNBPL is in line with this strategy, which aims to drive growth and expansion in the organic products market.
As part of its ‘ITC Next’ strategy, ITC is focused on building a portfolio of products that serves evolving consumer needs.