ITC Limited is set to acquire Mother Sparsh Baby Care Private Limited.
ITC is an existing shareholder of Mother Sparsh and currently holds 26.5% of its share capital. ITC will now invest ₹81 crore to raise its stake in Mother Sparsh to 49.3%, with a target to undertake full acquisition of Mother Sparsh, in multiple tranches, over a time period of about 2-3 years.
The 100% acquisition will be made through a combination of primary subscription and secondary share purchase.
JSA is advising Mother Sparsh on this transaction.
The transaction team consisted of Sidharrth Shankar (Lead Partner), Prakriti Jaiswal (Partner), Anindita Basu (Principal Associate) and Rishika Agarwal (Senior Associate).
Bharucha & Partners is advising ITC on this acquisition.
Mother Sparsh, founded in 2016 by Himanshu and Rishu Gandhi, has established itself as a reputable brand in the natural baby care space, offering a range of ayurvedic and plant-based products. With an annual revenue run rate exceeding ₹110 crore, the brand operates primarily through digital channels, aligning with ITC's focus on digital-first FMCG brands.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.