ITC Increases 49% Stake in Mother Sparsh by Additional Investment of Rs 1 Crore

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.

- TDG NETWORK

The investment will be made by ITC in two tranches, through a combination of primary subscription and secondary purchase, by the end of the first quarter of Financial Year 2027 (Q1 FY27), the company said in a release.

Following this fresh strategic investment, the conglomerate's total investment in the baby care brand will stand at approximately Rs 126 crore. The balance stake will be acquired over two to three years on pre-agreed conditions and valuation criteria.

Sameer Satpathy, the Divisional Chief Executive of Personal Care Products Business Division at ITC, said, "This acquisition is an exciting opportunity, aligned with our aspiration to build a formidable portfolio of future-ready, best-in-class innovative offerings that delights Indian consumers. Mother Sparsh, in a true spirit of entrepreneurship, has created a reputed brand with Indian ethos in the natural baby care space, powered by an assortment of innovative products and a robust digital eco-system."