India's ITC to acquire spices maker Sunrise Foods


FILE PHOTO: A man talks on his mobile phone as he walks past an ITC office building in Kolkata September 4, 2012. REUTERS/Rupak De Chowdhuri

MUMBAI (Reuters) – Indian consumer goods giant ITC (ITC.NS) is going to acquire spices maker Sunrise Foods Private Limited, the company said in a statement to stock exchanges on Sunday.

The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited, which has operated primarily in the spice business under the trademark “Sunrise”, the Kolkata-based company said.

The size of the deal was not revealed.

Reporting by Rajendra Jadhav, Editing by Timothy Heritage



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