ITC to acquire spice-maker Sunrise Foods
Team Udayavani, May 26, 2020, 10:15 AM IST
Indian consumer goods giant ITC said on Sunday that it will acquire spices maker Sunrise Foods Private Limited.
The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited
ITC in a release said, “The proposed acquisition will augment the product portfolio and is aligned to ITC’s aspiration to significantly scale up its Spices business and expand its footprint across the country”
The acquisition will also help ITC ramp up its spices business in the country. ITC already sells spices under its Aashirvaad brand, popular in markets such as Telangana and Andhra Pradesh. It is also one of the leading exporters of high-quality spices.
Madhya Pradesh cabinet expansion: Scindia loyalists among 28 ministers sworn in
CBI books GVK Group chairman, son for siphoning off Rs 705 cr from MIAL
Google temporarily blocks access to banned apps in India
Related Articles More
Mangaluru: Pathologist of Wenlock hospital tests positive for COVID-19
Does wearing a mask pose any health risks?
Maha: Missing boy traced in Udupi, reunited with family after four years
Silicon Valley wants the US to follow India in banning Chinese app TikTok: expert
Shocking to see COVID-19 patients being turned down by hospitals due to lack of beds: HDK