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ITC acquires 24 Mantra Organic for ₹472.5 crore
short by / on Friday, 18 April, 2025
ITC has acquired 24 Mantra Organic for ₹472.5 crore, comprising ₹400 crore upfront and ₹72.5 crore contingent on performance over two years. This acquisition strengthens ITC's position in the organic FMCG sector. 24 Mantra Organic, founded in 2004, operates a farm-to-fork model, sourcing from over 27,000 farmers across India. The integration aligns with ITC's focus on nutrition and sustainability.
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