ITC to Acquire Mother Sparsh in Next 2-3 Years, Increases Its Stake to 49% by Additional Investment of INR 81 Crore

ITC to Acquire Mother Sparsh in Next 2-3 Years, Increases Its Stake to 49% by Additional Investment of INR 81 Crore

Get latest articles and stories on Business at LatestLY. Multi-conglomerate ITC will invest an additional amount of Rs 81 crore in Mother Sparsh, thereby increasing its stake in the Indian baby care brand from 26.5 per cent to 49.3 per cent. Business News | ITC to Acquire Mother Sparsh in Next 2-3 Years, Increases Its Stake to 49% by Additional Investment of INR 81 Crore.

ITC acquires full stake in Mother Sparsh, invests Rs 81 crore more

New Delhi: ITC has announced the signing of definitive agreements to acquire the remaining 73.5% stake in Mother Sparsh Baby Care, an Ayurvedic and natural baby care brand.  ITC aims to build a portfolio of purpose-led, consumer-centric brands aligned with the evolving aspirations of Indian consumers. ITC to invest Rs 81 crore through a combination of primary subscription and secondary share purchase. Post this, ITC’s total investment in Mother …

ITC To Increase Stake To 100% In Mother Sparsh

FMCG major ITC will be acquiring an additional 73.5% stake in Mother Sparsh Baby Care, making the D2C natural baby care brand its wholly-owned subsidiary. ITC will be picking up the remaining stake for INR 81 Cr in a mix of primary and secondary share purchases.  This brings ITC’s total investment in Mother Sparsh to around INR 126 Cr.  The acquisition will be completed over 2–3 years, and the Mother Sparsh team, including its founder and chief …

ITC to acquire baby care brand Mother Sparsh - India Retailing

The acquisition is in line with ‘ITC Next’ vision articulated by Chairman Sanjiv Puri, which focuses on crafting a future-ready portfolio, tapping into high-growth segments and digital-first businesses Bengaluru: Indian conglomerate ITC Ltd. has signed agreements to acquire the balance 73.5% stake in Mother Sparsh Baby Care Pvt. Ltd., a premium Ayurvedic and natural baby care brand, the company said in a press release on Friday. ITC will invest…

ITC to fully acquire Ayurvedic Baby Care Brand Mother Sparsh

Mumbai: ITC Limited has announced definitive agreements to acquire the remaining 73.5% stake in Mother Sparsh Baby Care Private Limited. The acquisition, valued at ₹81 crore through a combination of primary subscription and secondary share purchase, will bring ITC’s total investment in Mother Sparsh to ₹126 crore. The move reinforces ITC’s commitment to expanding its purpose-driven, consumer-centric portfolio, particularly in high-growth, digita…

ITC to Fully Acquire Mother Sparsh in INR 126 Cr Baby Care Push

ITC Limited has announced the signing of definitive agreements to acquire the balance 73.5% stake in Mother Sparsh Baby Care Private Limited, a premium Ayurvedic and natural baby care brand. This strategic move strengthens ITC’s commitment to building a portfolio of purpose-led, consumer-centric brands, aligned with the evolving aspirations of Indian consumers.ITC to invest INR 81 crore through a combination of primary subscription and secondary…