INSUBCONTINENT EXCLUSIVE:
Sparsh through a share subscription agreement."The company has acquired on December 17, 2021, in the first tranche, 100 equity shares of Rs
10 each and 940 Compulsorily Convertible Preference Shares of Rs 10 each of Mother Sparsh Baby Care Pvt Ltd, representing 8.70 per cent of
its share capital on a fully diluted basis," said ITC in a regulatory filing to the stock exchanges today.Mother Sparsh is a premium
Ayurvedic and natural personal care start-up in the D2C space, focusing on the mother and baby care segment
The acquisition is to be completed in two tranches, ITC had said earlier on November 26.Mother Sparsh Baby Care Private Limited or 'Mother
Sparsh' is a range of baby and mother care products
ITI Capital acted as a financial advisor to Mother Sparsh for the fund-raising process
Incorporated on February 5, 2016, the company had reported a turnover of Rs 15.44 crore in the financial year 2020-21.Mother Sparsh plans to
deploy the funds -- raised in its Series A funding round-- towards the enhancement of its research and development initiatives, digital
capabilities, and driving new product launches.On Friday, December 17, shares of ITC settled 2.20 per cent lower at Rs 218 apiece on the
