ITC acquires stake in Mother Sparsh
16th Mar 2022

ITC has acquired 1,040 Compulsorily Convertible Preference Shares of Rs 10 each of Mother Sparsh Baby Care (Mother Sparsh) in the second tranche. With the aforesaid acquisition, the Company's shareholding in Mother Sparsh aggregates 16% of its share capital on a fully diluted basis.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness,  packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.