Mumbai: ITC Limited on Thursday announced it has completed the acquisition of Sproutlife Foods Private Limited, the company behind the ‘Yoga Bar’ brand, for approximately ₹645 crore. This transaction increases ITC's stake in Sproutlife to 100 per cent.
Equity Share Acquisition
The company acquired an additional 13,445 equity shares of ₹10 each through a secondary purchase. The confirmation of this acquisition was received by ITC at 8:05 p.m. on 28 September 2026.
Wholly Owned Subsidiary
Following this acquisition, Sproutlife Foods Private Limited has become a wholly owned subsidiary of ITC Limited. This change is effective from 28 September 2026.
Strategic Rationale
ITC stated that the acquisition aligns with its strategy to augment its future-ready portfolio in the foods segment. Sproutlife Foods specialises in manufacturing and selling food products under the ‘Yoga Bar’ trademark.
Business Profile
Sproutlife Foods, incorporated on 13 February 2015, operates in the new and innovative food products industry. The company maintains a high presence in online sales channels, including D2C and e-commerce platforms, and is expanding its presence in offline stores.
Financial Performance
Sproutlife's turnover for the fiscal year 2025-26 was ₹452 crore. In the preceding years, the company reported a turnover of ₹200 crore for 2024-25 and ₹108 crore for 2023-24.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
