The acquisition, expected to be completed in Q1 of FY26, entails an upfront consideration of Rs 400 crore on a cash-free, debt-free basis payable on closing, and an additional founders’ consideration of up to Rs 72.5 crore payable over two years.
ITC said it will be investing Rs 81 crore in two tranches through a combination of primary subscription and secondary share purchase by Q1 of FY27.
The strong network of farmers and certified organic sourcing capability are key sources of competitive advantage for the company, it added.
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