ITC completes Sproutlife acquisition, making it a wholly owned subsidiary
As filed · ITC Limited has informed the Exchange about Acquisition of shares of Sproutlife Foods Private Limited
What happened
FactITC acquired a further 13,445 Sproutlife Foods equity shares through a secondary purchase for approximately ₹645 crores. Its holding rose from approximately 47.50% to 100%, making Sproutlife a wholly owned subsidiary effective 28 September 2026.
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
Scale
- 0.8% of FY26 revenue
₹645 Cr stated in the filing against ₹81,640.11 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
WithdrawnConsequently, the acquisition is expected to be EPS-accretive in the first year of operations, whilst driving overall profitability improvement with a targeted increase of 30% to 40% in EBITDA per ton over normalised levels after 2 full years of operation.
Strategy, execution and outcomes tracking well in line with internal plans
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
- Renewable Energy 50% (management committed by FY36)
- Supporting Sustainable Livelihoods: 9 million against target of 10 million (by 2030) (management committed by FY31)
Evidence
- ITC Limited has informed the Exchange about Acquisition of shares of Sproutlife Foods Private Limited(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · Q1 FY27
- Earlier statement · FY25
How CapitSignal classified this
- Reasoning:
- The transaction gives ITC full ownership and control of Sproutlife, which it says supports its strategy to augment its future-ready foods portfolio.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%