ITC, a diversified conglomerate with a strong presence in the FMCG sector, has signed definitive agreements to acquire 100% of Prasuma, a player in the frozen, chilled, and ready-to-cook foods market.

The deal size, worth approximately ₹187 crore over two tranches, will take ITC’s stake to 62.5% by 2027. That puts Prasuma’s valuation just shy of ₹300 crore, a little more than double its ...

Indian conglomerate ITC has agreed to acquire Prasuma to strengthen its presence in frozen, chilled and ready-to-cook foods. In a stock-exchange filing, ITC described those segments as "future ...

ITC is set to acquire a 43.81 per cent stake for ₹131 crore in Prasuma, a notable player in the ready-to-cook, chilled and frozen food space with a focus on oriental cuisine, as it deepens its ...

India’s spices and ready-to-eat market For ITC, which recently acquired FMCG brands Prasuma, an acquisition would be in line with its strategy to grow faster in newer geographies, the people said.

Moneycontrol could not independently verify the report. For ITC, which recently acquired FMCG brand Prasuma, the acquisition of MTR Foods and Eastern Condiments would strengthen its presence in ...