ITC buys remaining Sproutlife stake for ₹645 crore
In short
ITC bought the rest of Sproutlife for ₹645 crore and now owns 100% of the company.
That means Sproutlife becomes a wholly owned subsidiary of ITC. The report does not say when the deal closed or whether there are any approvals still pending.
What the reporting says
ITC bought the remaining stake in Sproutlife for ₹645 crore, taking its holding from 47.5% to 100% and making the company a wholly owned subsidiary. The source does not say when the deal closed, how the valuation was set, or whether any regulatory approvals were involved. The immediate consequence is full ownership for ITC.
Why it matters
ITC acquired the remaining stake in Sproutlife for ₹645 crore, increasing its holding from 47.5% to 100%. The acquisition makes Sproutlife a wholly owned subsidiary, according to the supplied summary. The reporting does not provide the closing date, funding details, or any stated strategic reason, so the broader business impact remains limited to full ownership.