Acquisition History / ITC / Sresta Natural Bioproducts (24 Mantra Organic)
ITC Acquires Sresta Natural Bioproducts (24 Mantra Organic)
Announced June 13, 2025 — $53.4M
What happened
ITC acquired 100% of Hyderabad-based Sresta Natural Bioproducts, owner of the 24 Mantra Organic brand, in an all-cash deal of Rs 472.50 crore. The consideration was Rs 400 crore upfront on a cash-free debt-free basis plus up to Rs 72.50 crore payable over the following 24 months.
- Acquirer
- ITC
- Target
- Sresta Natural Bioproducts (24 Mantra Organic)
- Announced
- June 13, 2025
- Price
- $53.4M
- Industry
- Organic packaged foods
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did ITC acquire Sresta Natural Bioproducts (24 Mantra Organic)?
ITC acquired Sresta Natural Bioproducts (24 Mantra Organic) on June 13, 2025. This was ITC's 2nd publicly tracked acquisition out of 2 we have on record.
How much did ITC pay for Sresta Natural Bioproducts (24 Mantra Organic)?
ITC paid $53.4M for Sresta Natural Bioproducts (24 Mantra Organic).
What does Sresta Natural Bioproducts (24 Mantra Organic) do?
ITC acquired 100% of Hyderabad-based Sresta Natural Bioproducts, owner of the 24 Mantra Organic brand, in an all-cash deal of Rs 472.50 crore. The consideration was Rs 400 crore upfront on a cash-free debt-free basis plus up to Rs 72.50 crore payable over the following 24 months.
What other Organic packaged foods companies has ITC acquired?
Sresta Natural Bioproducts (24 Mantra Organic) is ITC's only publicly tracked acquisition in Organic packaged foods so far.