M&A
ITC to acquire balance 73.5% stake in Mother Sparsh Baby Care
ITC has acquired the balance 73.5% stake in Panchkula, Haryana-headquartered Mother Sparsh Baby Care . The transaction would be completed over 2-3 years. ITC already owns 26.5% in the company which had sales of INR 58.7 crore in 2023-24. ITC had first invested in Mother Sparsh in 2021 to have a presence in the natural, ayurvedic and online space.ITC will invest a total of INR 81 crore in two tranches through a combination of primary subscription and secondary share purchase by the first quarter of 2026-27. Post this, ITC’s total investment in Mother Sparsh will be around INR 126 crore and its stake will increase from 26.5% to 49.3%. The purchase of balance equity stake will be made by the first quarter of 2027-28 at a valuation to be determined based on pre-agreed criteria.
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