Kolkata, Sept 28 (PTI) ITC Ltd on Monday said it has acquired the remaining 52.5 per cent stake in Sproutlife Foods Private Ltd for around Rs 645 crore, making it a wholly owned subsidiary.
The company acquired 13,445 equity shares of Sproutlife Foods through a secondary purchase for cash consideration, ITC said in a regulatory filing.
Following the transaction, its shareholding in Sproutlife Foods, the company behind the ‘Yoga Bar’ brand, increased from around 47.5 per cent to 100 per cent.
The acquisition was completed on September 28 and Sproutlife Foods became a wholly owned subsidiary of ITC with effect from the same day, it said.
ITC said the acquisition is in line with the strategy to augment its future-ready portfolio in the foods segment. No regulatory approvals were required for the transaction.
Sproutlife Foods manufactures and sells products under the ‘Yoga Bar’ trademark.
The company, incorporated in February 2015, reported a turnover of Rs 452 crore in 2025-26, up from Rs 200 crore in 2024-25 and Rs 108 crore in 2023-24, according to the disclosure. PTI BSM RBT
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