ITC, a diversified conglomerate with a strong presence in the FMCG sector, has signed definitive agreements to acquire 100% of Prasuma, a player in the frozen, chilled, and ready-to-cook foods market.

Indian conglomerate ITC has agreed to acquire Prasuma to strengthen its presence in frozen, chilled and ready-to-cook foods. In a stock-exchange filing, ITC described those segments as "future ...

ITC has signed agreements to acquire Prasuma, a company in India's frozen, chilled, and ready-to-cook foods market. Prasuma specializes in products like momos, baos, Korean fried chicken ...

The deal size, worth approximately ₹187 crore over two tranches, will take ITC’s stake to 62.5% by 2027. That puts Prasuma’s valuation just shy of ₹300 crore, a little more than double its ...

ITC is set to acquire a 43.81 per cent stake for ₹131 crore in Prasuma, a notable player in the ready-to-cook, chilled and frozen food space with a focus on oriental cuisine, as it deepens its ...

India’s spices and ready-to-eat market For ITC, which recently acquired FMCG brands Prasuma, an acquisition would be in line with its strategy to grow faster in newer geographies, the people said.

Meanwhile, the paper segment saw its margins hit a new low. According to them, the Prasuma acquisition is expected to strengthen ITC’s food business. ITC, one of India’s leading consumer goods ...