India Business Journal - ITC wraps up Rs 472.50-crore acquisition of Sresta Natural Bioproducts

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ITC wraps up Rs 472.50-crore acquisition of Sresta Natural Bioproducts

IBJ Bureau
Jun 15, 2025

Multi-conglomerate ITC has completed acquisition of Sresta Natural Bioproducts (SNBPL), which owns the 24 Mantra Organic brand in an all-cash deal valued at Rs 472.50 crore.

This will help ITC expand its play in the fast-growing organic food products segment.

“The company has completed the acquisition of 100 per cent of the share capital of SNBPL on June 13, 2025,” ITC has said in a regulatory filing.

On the acquisition cost, ITC has added that it has an upfront consideration of Rs 400 crore on a cash-free, debt-free basis and additionally, consideration of up to Rs 72.50 crore, which is payable in the next 24 months.

In April, ITC had informed that it had signed a share purchase agreement with SNBPL to acquire a 100 per cent stake in the company.

This acquisition is “in line with the strategy to augment the company’s future-ready portfolio, the transaction is expected to fortify ITC’s presence and market standing in the high-growth organic products segment in both Indian and overseas market,” the Kolkata-headquartered company has said.

SNBPL's portfolio comprises a wide range of over 100 organic products, spanning branded grocery staples, spices and condiments, edible oils and beverages, among others. Besides, it has a strong international presence with a deep connection with the Indian diaspora.