Hemant Malik, Executive Director, ITC LTD
The Diversified ITC conglomatorate announced Thursday that it will acquire 100 % of the Bioproduct Natural Srest of Natural Deplete, an Indian company that is mainly dedicated to the business of manufacturing and sale of organic food products packaged, by cash. An effective. An effective. An cash.
Kolkata headquarters also signed definitive agreements to acquire a 73.5 percent participation in Mother Sparsh Baby Care, an associated company that operates in the premium space for Ayurvédico and Natural Baby Care.
In a presentation of the Stock Exchange, ITC said he had signed a purchase agreement of shares today to acquire 100 percent of the social capital of Natural Bioproducts (SNBPL), which manufactures products under the Organic Mantra ‘124 brand in national and international markets. SNBPL is a pioneer in the domestic space of organic food, which provides the traceability of the “farm farm”, and is a leading player in the category of organic packaged staples in India.
The cash consideration of this acquisition would be up to ₹ 472.50 million rupees in a basic without cash free debts, subject to usual adjustments established in the aggregates of purchase of shares, comprising RS 400 million payble rupees to close and up to ₹ 72.50 after closing.
The SNBPL portfolio includes a wide range or approximately 100 organic products that cover basic foods, spices and condiments, edible oils, drinks, etc. SNBPL has a strong international presence and a deep connection with the Indian diaspora.
This investment is in line with the strategy ‘ITC Next’ articulated by President Sanjiv Puri, which also focuses on building a portfolio of products ready for the future that meet the needs of evolving consumers, he said in a statement.
When commenting on this acquisition, Hemant Malik, director at all times, ITC Limited, said: “We are excited to have 24 organic mantra as part of the portfolio of healthy food products with Nutrition from ITC’s Foods.
ITC currently has a 26.5 percent participation in Mother Sparsh. On Thursday, the conglomerate said that a balance of a 73.5 percent balance in Mother Sparsh will be acquired by him about two or three years.
“The total investment of approximately ₹ 81 million rupees, in two sections, which will be made through a primary subscription combination and purchase of secondary shares in Q1 or Fy 2026-27 or the subsequent date that the parties can mutue.
Mother Sparsh has a bouquet of natural and ayurvedic premium products that are gaining the confidence of the Indian moths that seek safe and high quality babies anchored in traditional Indian knowledge. The range of offers extends to horcajadas about the personal care of the baby, the health of the baby and hygiene and the products expert in babies. The company has adopted a first digital strategy with a solid presence in online channels.
Posted on April 17, 2025