ITC to Acquire 100% Stake in Health Food Brand Yoga Bar

On Tuesday, cigarette-to-hotel conglomerate ITC announced plans to acquire 100% of SproutLife Foods (SFPL), a direct-to-consumer (D2C) startup and the parent company of health food brand Yoga Bar. The FMCG specialist will initially acquire a 39.4% stake in SFPL for Rs 175 crore. ITC will acquire a 47.5% stake in
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