+
ITC to Acquire 24 Mantra Organic and Mother Sparsh for Rs 5.98 Billion
ECONOMY & POLICY

ITC to Acquire 24 Mantra Organic and Mother Sparsh for Rs 5.98 Billion

Bengaluru Conglomerate ITC has announced two strategic acquisitions valued at Rs 5.98 billion to strengthen its fast moving consumer goods (FMCG) portfolio. The deals include acquiring Sresta Natural Bioproducts Private Limited, which owns 24 Mantra Organic, and increasing its stake in Mother Sparsh Baby Care to full ownership.

The acquisition of Sresta is valued at Rs 4.725 billion. ITC will pay Rs four billion upfront, with an additional Rs 725 million contingent on performance over the next two years. Sresta operates in the organic packaged staples segment under the 24 Mantra Organic brand.

Simultaneously, ITC plans to raise its stake in Mother Sparsh — a premium ayurvedic and natural baby care brand — from 26.5 per cent to full ownership. An initial investment of Rs 810 million will raise ITC’s holding to 49.3 per cent by the first quarter of FY 2026–27. The remaining stake, valued at Rs 1.26 billion in total, will be acquired over two to three years, subject to valuation terms and regulatory approvals.

These acquisitions align with ITC’s strategy to scale purpose-driven brands in high-growth categories such as organic food and natural personal care.

Source: Deccan Herald

Bengaluru Conglomerate ITC has announced two strategic acquisitions valued at Rs 5.98 billion to strengthen its fast moving consumer goods (FMCG) portfolio. The deals include acquiring Sresta Natural Bioproducts Private Limited, which owns 24 Mantra Organic, and increasing its stake in Mother Sparsh Baby Care to full ownership. The acquisition of Sresta is valued at Rs 4.725 billion. ITC will pay Rs four billion upfront, with an additional Rs 725 million contingent on performance over the next two years. Sresta operates in the organic packaged staples segment under the 24 Mantra Organic brand. Simultaneously, ITC plans to raise its stake in Mother Sparsh — a premium ayurvedic and natural baby care brand — from 26.5 per cent to full ownership. An initial investment of Rs 810 million will raise ITC’s holding to 49.3 per cent by the first quarter of FY 2026–27. The remaining stake, valued at Rs 1.26 billion in total, will be acquired over two to three years, subject to valuation terms and regulatory approvals. These acquisitions align with ITC’s strategy to scale purpose-driven brands in high-growth categories such as organic food and natural personal care. Source: Deccan Herald

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?