Stake/Capacity: 100% of entire share capital (previously held ~47.50%)
Deal Value: ~ ₹645 crores
Funding Source: Cash consideration
Financial Impact: Not explicitly disclosed in terms of revenue contribution, EBITDA impact, or accretion/dilution. However, Sproutlife's historical financials show significant growth: 2023-24 turnover ₹108 crores, 2024-25 turnover ₹200 crores, 2025-26 turnover ₹452 crores (based on audited accounts).
Timeline: Completed on 28th September, 2026
Strategic Rationale: The acquisition is in line with ITC's strategy to augment the Company's future-ready portfolio in foods segment. Sproutlife manufactures and sells food products under the trademark 'Yoga Bar', positioned as a digital-first brand with high salience of online sales (D2C, e-commerce platforms) and growing presence in offline stores.
Approval Status: Completed. No governmental or regulatory approvals required.
Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 30
Additional Details:
Sproutlife was incorporated on 13th February, 2015
Country of operations: India
Not a related party transaction
No promoter/promoter group exists for ITC
Group companies have no interest in this acquisition
