ITC Acquires '24 Mantra Organic' Parent for Rs 400 Crore

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Ltd has acquired Sresta Natural Bioproducts, the maker of '24 Mantra Organic', for Rs 400 crore upfront, with an additional Rs 72.5 crore contingent payout over 24 months. The deal includes Sresta’s subsidiaries in the USA and UAE, boosting ITC's footprint in the fast-growing organic food segment.