ITC increases its stake in Mother Sparsh to 49%, plans to complete acquisition by Q1 FY27

ITC is increasing its stake in Mother Sparsh, an Indian baby care brand, from 26.5% to 49.3% with an additional investment of Rs 81 crore. This investment, made in two tranches, will bring ITC's total investment to approximately Rs 126 crore. ITC aims to leverage Mother Sparsh's innovative products and digital presence in the natural baby care market.