ITC acquires additional stake in Ample Foods Private Limited

ITC Limited (BSE:ITC) announced today the acquisition of 262,500 equity shares in Ample Foods Private Limited (AFPL) for an aggregate consideration of approximately INR 131 crores. This acquisition, comprising both primary subscription and secondary purchases, increases ITC's total shareholding in AFPL to 43.75%. AFPL, which manufactures and sells ready-to-cook snacks, meals, sauces, condiments, and frozen foods under the 'Prasuma' and 'Meatigo' brands, had a consolidated turnover of INR 116 crores in FY2023-24. This acquisition fortifies ITC's presence in the high-growth frozen and ready-to-cook food sector in India.