ITC Acquires 43.75% Stake in Ample Foods for ₹131 Crore to Expand Frozen & Ready-to-Cook Portfolio

On April 4, 2025, ITC Limited announced the acquisition of 2,62,500 equity shares in Ample Foods Private Limited (AFPL), amounting to a 43.75% stake in the company. This transaction, valued at approximately ₹131 crore, was executed through a combination of primary subscription and secondary purchases.

Strategic Expansion into Frozen and Ready-to-Cook Foods

This acquisition aligns with ITC’s strategy to diversify and strengthen its presence in India’s burgeoning frozen, chilled, and ready-to-cook foods market, which is currently estimated at over ₹10,000 crore and projected to grow rapidly. 

Details of the Acquisition

• Date of Acquisition: April 4, 2025

• Number of Shares Acquired: 2,62,500 equity shares of ₹10 each.

• Total Consideration: Approximately ₹131 crore.

• Shareholding Percentage: Post-acquisition, ITC holds a 43.75% stake in AFPL.

The acquisition was completed following the definitive agreements executed on February 6, 2025.

Implications for ITC

By investing in AFPL, ITC aims to enhance its product offerings and leverage AFPL’s established brands and market presence. This move is expected to contribute significantly to ITC’s growth in the processed foods segment and cater to the evolving preferences of Indian consumers.

This strategic investment underscores ITC’s commitment to expanding its footprint in the fast-growing food industry and diversifying its portfolio to include high-demand products in the frozen and ready-to-cook categories