ITC to acquire 100% of the share capital of Yoga Bar in the next 3-4 years
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By: Ift Trade
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20 Jan 2023
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ITC has announced that the company is all set to acquire 100 per cent acquisition of Sproutlife Foods Private Limited. ITC will be acquired 47.5 per cent stake Sproutlife Foods by March 31, 2025 and the balance stake will be acquired, basis pre-defined valuation criteria, subject to other conditions agreed to in the binding documents.
Suhasini Sampath and Anindita Sampath Kumar, Co-Founders of Yogabar said“ We are delighted to join hands with ITC in Yoga Bar's next phase of growth. We are confident that this partnership will add to Yoga Bar's competitive advantage and take it to the next level from the current Annualised Run Rate of over 100 crore. We are delighted that ITC and Yoga Bar will work together to build one of the largest brands in the healthy foods space,"