ITC Limited — JV/Acquisition, 04-04-2025: Acquisition

ITC has acquired 2,62,500 equity shares of Ample Foods Private Limited (AFPL) for approximately ₹131 crores, raising its stake to 43.75%. This move is part of ITC's strategy to enhance its presence in the rapidly growing frozen, chilled, and ready-to-cook foods market in India, which is valued over ₹10,000 crores. AFPL, known for its ready-to-cook snacks and deli meats, is expected to contribute significantly to ITC's portfolio expansion and market position in a vibrant sector. With this acquisition, ITC aims to leverage synergies and drive growth in a high-demand segment.