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ITC Ltd invests more in Mother Sparsh, raising stake to 49.3% for expansion in natural baby products.
ITC Ltd is investing an additional 81 crore rupees to raise its stake in Mother Sparsh, a baby care brand, from 26.5% to 49.3%.
The investment will be completed in two phases by the end of Q1 FY27 and will bring ITC's total investment in the company to 126 crore rupees.
Mother Sparsh, known for its natural and ayurvedic baby products, has an annual revenue of about 110 crore rupees.
ITC plans to acquire the remaining stake over the next 2-3 years, aiming to expand its portfolio in natural baby care products.
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ITC Ltd invierte más en Mother Sparsh, elevando su participación al 49,3% para la expansión en productos naturales para bebés.