Business World

  ITC Limited Highlights : ITC plans to merge 3 subsidiaries with itself Sunrise Foods, Hobbits International Food and Sunrise Sheetgrah  On July 27, ITC had announced to acquire spices manufacturer Sunrise Foods D iversified business entity, ITC on Friday said it is considering the merger of its three wholly owned subsidiaries - Sunrise Foods , Hobbits International Food and Sunrise Sheetgrah - with itself. On July 27, ITC had announced to acquire spices manufacturer Sunrise Foods in an all-cash deal value of ₹ 2,150 crore .  ITC had said the acquisition of Sunrise Food, engaged primarily in the business of spices, will help it to augment it's portfolio in the segment, where it has already presence with its brand Aashirwaad . About ITC :  ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata , West Bengal. Established in 1910 as the Imperial Tobacco Company of India , the company was renamed as the Indian Tobacco Company Limited i...

ITC Limited ITC has entered into a share purchase agreement to acquire a 100 per cent equity in Sunrise Foods Private Limited. Consumer goods major ITC has entered into a share purchase agreement to acquire a 100 per cent equity in Sunrise Foods Private Limited, a company primarily engaged in the business of spices under the trademark "Sunrise".  In a regulatory filing on Sunday, ITC said the proposed acquisition is aligned with its strategy to rapidly scale up its FMCG businesses. The deal is subject to the fulfillment of terms and conditions, ITC said.  About ITC  :  ITC Limited is  an Indian multinational conglomerate  company headquartered in Kolkata, West Bengal. E stablished in  1910 as the  Imperial Tobacco Company of India Limited , the company was renamed as the  India Tobacco Company Limited  in 1970 and later to  I.T.C. Limited  in 1974. The Company now sta...