ITC share: This company was bought for Rs 400 crore - the stock will be monitored on Monday

News Topical, Digital Desk : FMCG major ITC on Friday informed after market close that the company has completed the acquisition of 100 per cent stake (1.87 crore shares) of Shresta Natural Bioproducts for Rs 400 crore. As a result, SNBPL has become a wholly-owned subsidiary of the company and its subsidiaries such as Five Elements LLC, USA and Shresta Global FZE, UAE, have become wholly-owned subsidiaries of the company from June 13, 2025.

In line with the company's strategy to grow its future-ready portfolio, the transaction is expected to strengthen ITC's presence and market position in the high-growth organic product segment in both Indian and overseas markets, the company said in an exchange filing. The domestic organic food product industry offers significant growth opportunities based on growing awareness towards health and environment, rising household incomes and new-age distribution channels. Share performance On Friday, the company's stock closed down 1.67 per cent at Rs 413.95. In the last one year, the company's stock has seen a decline of 3.80 per cent.

Read More: YES BANK: Update on Yes Bank came after market closed- rating changed