Brief
ITC acquires remaining 52.5% stake in Sproutlife Foods for Rs 645 crore
The deal, announced on Sept 28, brings Sproutlife Foods fully under ITC’s control as part of its foods‑segment expansion.
By Felo News Desk · Published
ITC Ltd said on Sept 28 that it had purchased the remaining 52.5% stake in Sproutlife Foods Private Ltd for about Rs 645 crore, completing a 100% acquisition of the company behind the Yoga Bar brand.
According to a regulatory filing cited by News18, ITC bought 13,445 equity shares in a secondary cash transaction, raising its holding from roughly 47.5% to full ownership. The acquisition was effective on the same day and required no further regulatory approvals.
Sproutlife Foods, incorporated in February 2015, reported a turnover of Rs 452 crore in FY 2025‑26, up from Rs 200 crore the previous year. ITC said the purchase aligns with its strategy to expand a future‑ready portfolio in the foods segment.
Key facts
- ITC acquired the remaining 52.5% stake in Sproutlife Foods for approximately Rs 645 crore. (news18.com)
- The acquisition makes Sproutlife Foods a wholly‑owned subsidiary of ITC. (news18.com)
- Sproutlife Foods reported a turnover of Rs 452 crore in FY 2025‑26. (news18.com)
Sources
- [1] news18.com — originally reported as “ITC completes 100pc acquisition in Sproutlife Foods for Rs 645 crore”
