In a significant market move, a substantial block trade of ITC Ltd shares was executed on the National Stock Exchange (NSE), highlighting investor interest in the diversified conglomerate.

Block Trade Details

A block of approximately 4,729,636 shares of ITC Ltd changed hands in a single transaction on the NSE. The trade, valued at Rs 197.32 crore, was executed at a price of Rs 417.20 per share.

Market Impact

Block trades of this magnitude often attract attention from market participants as they can potentially signal shifts in institutional holdings or strategic moves by large investors. However, it's important to note that the specific parties involved in this transaction have not been disclosed.

About ITC Ltd

ITC Ltd is a diversified conglomerate with a strong presence in various sectors, including:

• FMCG
• Hotels
• Paperboards and packaging
• Agri-business
• Information technology

The company is particularly known for its tobacco business but has been increasingly focusing on its non-cigarette FMCG portfolio in recent years.

This significant block trade underscores the ongoing interest in ITC shares among large-scale investors. As always, market participants will be keen to observe any potential impact on the stock's performance in the coming trading sessions.

ITC Limited , a diversified conglomerate, has made a significant move in the natural and organic food segment by acquiring Sresta Natural Bioproducts. The acquisition, valued at ₹472.50 crore, marks ITC's strategic entry into the growing market for organic and natural food products.

Acquisition Details

ITC has purchased the entire share capital of Sresta Natural Bioproducts in a structured deal:

• Initial Payment: ₹400.00 crore
• Deferred Payment: ₹72.50 crore (to be paid within 24 months)
• Total Acquisition Cost: ₹472.50 crore

Strategic Implications

This acquisition aligns with ITC's strategy to strengthen its presence in the fast-growing organic food market. Sresta Natural Bioproducts, known for its '24 Mantra' brand, is a significant player in the organic food industry, offering a wide range of products including staples, snacks, and ready-to-cook items.

Market Impact

The move is expected to complement ITC's existing food portfolio, which includes popular brands across various categories. By integrating Sresta's organic product line, ITC is poised to capitalize on the increasing consumer preference for natural and organic food options.

Looking Ahead

While the financial implications of this acquisition on ITC's overall business are yet to be fully assessed, the move demonstrates the company's commitment to diversifying its product offerings and tapping into emerging consumer trends.

Investors and industry observers will be keen to see how ITC leverages this acquisition to enhance its market position in the premium and health-focused food segment.