ITC Acquires 24 Mantra Organic Parent Sresta Natural Bioproducts For Rs 400 Crore

ITC completes acquisition of 24  Mantra Organic brand owner Sresta Natural

NEW DELHI, June 14:  Multi-conglomerate ITC has completed the acquisition of Sresta Natural Bioproducts, which owns the ’24 Mantra Organic brand’ in an all-cash deal valued at Rs 472.50 crore.   This will help ITC to expand its play in the fast-growing organic food products segment. “The company has completed the acquisition of 100 per cent of the share capital of SNBPL on 13th June, 2025,” ITC said in a regulatory filing. On the acquisition cos…

ITC Acquires 24 Mantra Organic Parent Sresta Natural Bioproducts For Rs 400 Crore

ITC Ltd. has acquired Sresta Natural Bioproducts Ltd. for an upfront consideration of Rs 400 crore. The company has acquired the entire share capital comprising 1.87 crore equity shares of Rs 10 each of Sresta Natural Bioproducts Private Ltd, according to an exchange filing on Friday.Consequently, Sresta Natural Bioproducts has become a wholly-owned subsidiary of the company and its subsidiaries. Sresta Natural Bioproducts has two wholly-owned s…