The Multi-Congenerate ITC has completed the acquisition of STREST NATURAL BIOPRODUCCTS, which has ’24 Mantra Organic Brand ‘in an agreement for all the Cassa of the value of RS 472.50.This will help you ITC To expand his game in the segment of rapidly growing organic food products.
“The company completed the acquisition of 100 % of the SNBPL share capital on 13 June 2025,” said ITC in a regulatory deposit.
On the acquisition cost, ITC said that it has an initial consideration of RS 400 crores on the basis and addition without debt without liquidity, consideration of up to 72.50 RS, which can be paid in the next 24 months.
In April ITC had informed that it had signed an equity purchase agreement with STRASTA Natural Bioproducts Private Limited (SNBPL) to acquire 100 % shares in the company. This acquisition is “in line with the strategy of increasing the portfolio ready for the future of the company, the transaction should fortify the presence and position of the ITC market in the segment of high growth organic products in the Indian market and abroad,” said the Kolcata head company.
The SNBPL portfolio includes a wide range of over 100 organic products, among others, which embrace staples of branded food, spices and seasonings, oils and edible drinks. In addition, it has a strong international presence with a deep connection with the Indian diaspora.
The industry of domestic organic food industry offers a “significant opportunity” for growth on the back of the increase in health and environmental consciousness, an increase in the income of families and distribution channels of the new age, said ITC, adding that Snbpl is a pioneer and a leading player in the category of organic packaging errors.Snbpl has two entirely owned branches: Fyve Elements LLC, USA and STREE GLOBAL FZE, United Arab Emirates.
Snbpl, incorporated in March 2004, recorded a turnover of RS 306.1 Crore in 2023-24 exercise. Over the years, he has built a strong network of about 27,500 farmers and 1.4 Lakh acres of certified biological land on 71 clusters in 10 states.
