ITC LTD. - 500875 - Announcement under Regulation 30 (LODR)-Acquisition
We write to advise, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), that the Company has signed a Binding Term Sheet on 16th January, 2023, to acquire 100% of the share capital (on a fully diluted basis) of Sproutlife Foods Private Limited, an Indian company primarily engaged in the business of manufacture and sale of food products under the trademark 'Yoga Bar', subject to execution of transaction documents setting out the terms and conditions on which the proposed acquisition will be consummated. Summarised details of the proposed acquisition, as required under Regulation 30 of the Listing Regulations read with the SEBI Circular dated 9th September, 2015, are given in the Enclosure. A copy of the Media Release being issued by the Company is also enclosed.17-01-2023
