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Organic push: ITC acquires 24 Mantra
Mint Mumbai
|April 18, 2025
ITC Ltd on Thursday said it has signed a share purchase agreement to acquire 100% of the share capital of Sresta Natural Bioproducts Pvt. Ltd (SNBPL), which manufactures and sells organic packaged food products under the '24 Mantra Organic' brand in the domestic and international markets.
ITC has paid a consideration of up to ₹472.50 crore on a cash-free, debt-free basis, subject to customary adjustments as set out in the Share Purchase Agreements, comprising ₹400 crore payable upfront at closing and up to ₹72.50 crore payable in the next 24 months after closing.
Esta historia es de la edición April 18, 2025 de Mint Mumbai.
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