Yoga Bar maker Sproutlife Foods to merge with ITC; board approves scheme
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓ITC Ltd board approved the merger of Sproutlife Foods, the maker of Yoga Bar, with the parent company on November 2.
- ✓This move aims to streamline business operations and improve resource use.
- ✓The merger will take effect from April 1, 2026, and no new shares will be issued to investors.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
ITC Ltd has received board approval for a scheme to merge Sproutlife Foods into its operations. This move is designed to streamline business processes and enhance value creation for ITC. Sproutlife, focusing on health-centric food products, achieved a turnover of Rs 451.71 crore in FY26. ITC clarified that no new shares will be issued in this merger, set to be effective from April 1, 2026.
ITC Ltd on Monday approved a scheme of amalgamation of Sproutlife Foods Private Limited, the maker of Yoga Bar products, with the parent company.
The scheme, approved at a board meeting held on November 2, will be subject to necessary statutory and regulatory approvals and will take effect from April 1, 2026, ITC said in a regulatory filing.
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The Economic Times
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