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ITC Ltd's board approved the Scheme of Amalgamation of its wholly owned subsidiary Sproutlife Foods Private Limited into ITC. The scheme is subject to approvals and takes effect from 1 April 2026.
ITC Ltd. has acquired the remaining shares of Sproutlife Foods Private Limited for ₹645 Crore, resulting in it becoming a wholly-owned subsidiary.
ITC Limited's subsidiary, ITC Infotech, will acquire a 22.106% stake in Happiest Minds Technologies Limited for Rs. 1,330 crore, followed by an amalgamation.
ITC Limited completed the second tranche acquisition of Mother Sparsh, increasing its stake to 49.32% for ₹30 Crore. The move strengthens ITC's personal care portfolio.