Archive · 29 Sep 2026
ITC Completes ₹645 Crore Buyout of Yoga Bar Maker
ITC is a large company that bought the part of Sproutlife Foods it did not already own.
Sproutlife makes and sells food products under the Yoga Bar name.
ITC paid about ₹645 crore for the remaining 52.5% stake.
This means ITC now owns all of Sproutlife.
Sproutlife became a wholly owned subsidiary of ITC on September 28, 2026.
Yoga Bar sells many products online and is also growing in physical stores.
The brand has expanded its protein products and launched plant protein powder products.
Sproutlife’s turnover reached ₹452 crore in fiscal 2025-26.
ITC acquired Sproutlife Foods’ remaining 52.5% stake for approximately ₹645 crore.
The secondary purchase involved 13,445 equity shares with a face value of ₹10 each.
ITC’s ownership increased from 47.5% to 100%, making Sproutlife a wholly owned subsidiary.
The acquisition became effective on September 28, 2026, with confirmation received at 8:05 p.m. that day.
Sproutlife’s turnover rose to ₹452 crore in fiscal 2025-26 from ₹200 crore in fiscal 2024-25.
- Who
- ITC Limited and Sproutlife Foods Private Limited, the company behind the Yoga Bar brand.
- What
- ITC acquired Sproutlife’s remaining 52.5% stake for approximately ₹645 crore, taking its ownership to 100%.
- When
- The acquisition became effective on September 28, 2026; ITC received confirmation at 8:05 p.m. that day, and the announcement was published on September 29.
- Where
- Sproutlife operates only in India; the transaction was reported in ITC’s stock exchange filing.
- Why
- ITC said the acquisition supports its strategy of strengthening its future-ready foods portfolio.
- Acquirer
- ITC Limited
- Target
- Sproutlife Foods Private Limited
- Brand
- Yoga Bar
- Stake acquired
- Remaining 52.5%
- Transaction value
- Approximately ₹645 crore, paid in cash
- Post-transaction ownership
- 100%; Sproutlife became ITC’s wholly owned subsidiary
- Fiscal 2025-26 turnover
- ₹452 crore
