ITC increases its Mother Spark stake to 49%, planning to complete FY27 acquisitions in the first quarter

Multi-conglomerate ITC will invest an additional Rs 81 crore in mother Sparsh, increasing its stake in Indian baby care brand from 26.5% to 49.3%.

ITC will invest in two branches at the end of the 27th quarter of fiscal year 1 through a combination of primary subscriptions and secondary purchases.

Following this new strategic investment, the conglomerate’s total investment in baby care brands will reach about Rs 12.6 crore. Under pre-verified conditions and valuation criteria, balances will be obtained within two to three years.
Sameer Satpathy, the division CEO of ITC’s Personal Care Products business unit, said: “This acquisition is an exciting opportunity for a strong digital ecosystem.