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ITC acquires organic brand 24 Mantra and plans to control baby care firm Mother Sparsh for ₹472.5 crore.
Indian conglomerate ITC is acquiring Sresta Natural Bioproducts, known for its '24 Mantra Organic' brand, for up to ₹472.5 crore.
The deal aims to expand ITC's reach in the high-growth organic food sector.
ITC also plans to take full control of Mother Sparsh Baby Care, a company specializing in natural baby care products, over the next two to three years.
These acquisitions align with ITC's 'ITC Next' strategy to cater to evolving consumer demands in natural and organic products.
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ITC adquiere la marca orgánica 24 Mantra y planea controlar la empresa de cuidado de bebés Mother Sparsh por ₹472.5 crores.