FMCG stock announces acquiring 2,62,500 shares in Ample Foods for ₹131 CrFMCG stock announces acquiring 2,62,500 shares in Ample Foods for ₹131 Cr

Introduction:

FMCG stock made a strategic investment by acquiring a 43.75% stake in Ample Foods for ₹131 crores, aiming to strengthen its presence in the fast-growing frozen, chilled, and ready-to-cook food segment under brands like Prasuma and Meatigo.

Share Price movement of ITC:

On April 7, 2025, ITC Limited opened at ₹390.15, reaching a high of ₹407.90 and a low of ₹390.15, down 1.88% from the previous close of ₹409.70. The stock is currently trading at ₹402.00, with a market cap of ₹5,03,067.62 Crores.

ITC share price rise:

ITC has acquired a 43.75% stake in Ample Foods Private Limited for approximately ₹131 crores via primary and secondary share purchases. This acquisition aligns with ITC’s strategy to strengthen its footprint in the frozen, chilled, and ready-to-cook food segments.

Ample Foods, operating under brands like Prasuma and Meatigo, offers a variety of products such as momos, deli meats, and sauces. These are available online, offline, and direct-to-consumer platforms. The acquisition enhances ITC’s presence in a segment worth over ₹10,000 crores.

The acquisition was completed on April 4, 2025. No regulatory approvals were required, and the transaction was executed in cash. AFPL and its associated entities reported consolidated revenues of ₹131 crores in FY24, showing consistent growth across three financial years.

Also Read: Refex renewables receives order from Coimbatore Municipal Corp. for bio-CNG plant

Stock performance of ITC for Period of 1 week, 6 months and 1 year:

ITC’s stock remained almost flat with a 0.01% dip over the past week. In the last six months, it declined by 11.1%, reflecting short-term pressure. However, over the past year, it managed a modest gain of 2.23%, showing slight long-term stability.

Also Read: Tata motors hits 10% lower circuit; Is the company’s future at risk for the US markets?

Shareholding pattern of ITC:

All values in %	Dec-24	Sep-24	Jun-24
FII	40.17	40.53	40.47
DII	44.91	44.59	44.02
Retail & others	14.92	14.87	15.51

About ITC:

ITC Limited (NSE: ITC) is a diversified Indian conglomerate with business interests in FMCG, hotels, paperboards, packaging, agribusiness, and IT. Known for brands like Aashirvaad, Sunfeast, and Classmate, ITC has a strong presence across Indian households and global markets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.