ITC to buy Sresta Natural for ₹472.5 cr, hikes stake in Mother Sparsh to 100%

Hemant Malik, Executive Director, ITC Ltd Diversified conglomerate ITC on Thursday announced that it will acquire 100 per cent share capital of Sresta Natural Bioproducts, an Indian company primarily engaged in the business of manufacture and sale of organic packaged food products, for a cash consideration of up to ₹472.50 crore. The Kolkata-headquartered conglomerate also…