ITC Limited acquires majority board control of Sproutlife Foods Private Limited
ITC · Diversified FMCG
Key highlights
- ITC Limited has acquired the right to nominate the majority of directors on Sproutlife's board effective 1st April 2026, making Sproutlife its subsidiary.
- ITC holds approximately 47.50% shareholding (fully diluted basis) in Sproutlife as per the Shareholders’ Agreement dated 19th April 2023.
- Sproutlife, incorporated on 13th February 2015, manufactures and sells food products under the ‘Yoga Bar’ brand with turnover of ₹200 crore (2024-25), ₹108 crore (2023-24), and ₹88 crore (2022-23) operating in India.
Why it's rated notable: The acquisition of board control over Sproutlife is effective on 1st April, 2026, but the filing states no cost, consideration or deal value, so the level stays at medium.
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
Ranked by management's own guidance on revenue and margins — not by us.
Aerospace & Defense
Sign up free to see all 6 →
See full rankingsRank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
More from ITC
- Financial resultsMajor development· Adverse for the businessITC Limited reports Q2 and H1 2026 unaudited financial results and acquisitions
- Financial resultsMajor development· Adverse for the businessITC Limited approves unaudited results for quarter and six months ended 30 Sept 2026
- Acquisition / mergerNotableITC Limited completes acquisition of 100% shares of Sproutlife Foods Pvt Ltd
- Acquisition / mergerNotableITC Infotech approves acquisition and amalgamation with Happiest Minds Technologies
- Acquisition / mergerNotableITC Limited completes acquisition of pulp and paper business from Aditya Birla Real Estate
Other acquisition / merger filings this fortnight
- IndiGrid Infrastructure Trust Q2 FY27 Earnings Conference Call Transcript Released
- Cubical Financial Services Ltd announces promoter reclassification post open offer
- Novus Loyalty Limited approves acquisition of AutoPe Payment Solutions via share swap
- Shish Industries Limited files Composite Scheme of Amalgamation proposal
- Jubilant Ingrevia Limited updates on acquisition of 40% stake in Zettaone Technologies
- NHC Foods approves quarter results, 99.98% Sachmaas Foods investment, two appointments
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.