Deal▲ Bullish for ITC

ITC buys remaining Sproutlife stake for ₹645 crore, takes full ownership

1 source · first seen 22:44 28 Sept · updated 22:44 28 Sept

The brief

Written from 1 report · check the source before you trade

ITC paid ₹645 crore for the remaining Sproutlife stake
ITC’s holding rose from 47.5% to 100%, making Sproutlife a wholly owned subsidiary
Full ownership gives ITC greater control of its foods business; ITC shareholders are directly exposed

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