ITC to acquire 24 Mantra Organic brand for Rs 472.5 crore – Times of India
Diversified conglomerate ITC Ltd on Thursday announced that it will acquire Sresta Natural Bioproducts Pvt Ltd (SNBPL), the company behind the 24 Mantra Organic brand, for Rs 472.50 crore, in a move to strengthen its presence in the high-growth organic packaged foods space.According to a regulatory filing, ITC has signed a share purchase agreement to…