ITC acquires Indian spices manufacturer Sunrise Foods for $290m
Indian conglomerate ITC has completed the acquisition of Sunrise Foods (SFPL), a spices manufacturer, in an all-cash deal worth INR 21.5 billion ($290 million). The deal was announced in May 2020 with the companies then signing a share purchase agreement. As per the deal terms, the sellers of the Kolkata-based Sunrise Foods are also eligible […]