ITC To Increase Stake To 100% In Mother Sparsh 

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SUMMARY

ITC will be picking up the remaining stake for INR 81 Cr in a mix of primary and secondary share purchases. 

This brings ITC’s total investment in Mother Sparsh to around INR 126 Cr

Mother Sparsh team, including its founder and chief executive Himanshu Y Gandhi will continue to operate the business during this period

FMCG major ITC will be acquiring an additional 73.5% stake in Mother Sparsh Baby Care, making the D2C natural baby care brand its wholly-owned…



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ITC To Increase Stake To 100% In Mother Sparsh 


SUMMARY

ITC will be picking up the remaining stake for INR 81 Cr in a mix of primary and secondary share purchases. 

This brings ITC’s total investment in Mother Sparsh to around INR 126 Cr

Mother Sparsh team, including its founder and chief executive Himanshu Y Gandhi will continue to operate the business during this period

FMCG major ITC will be acquiring an additional 73.5% stake in Mother Sparsh Baby Care, making the D2C natural baby care brand its wholly-owned…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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