ITC Completes Yoga Bar Acquisition For ₹645 Cr

FMCG major ITC has completed the acquisition of 100% of Sproutlife Foods, the parent of healthy snacking brand Yoga Bar, buying the remaining 52.5% stake for around ₹645 Cr. In an exchange filing, the FMCG major informed that it bought 13,445 equity shares of Sproutlife through a secondary purchase. The transaction takes its holding in the company from around 47.5% to 100%, making Sproutlife a wholly owned subsidiary of ITC with effect from September 28.