ITC, Prasuma

ITC to acquire Prasuma and Meatigo to strengthen frozen food portfolio
ITC has signed definitive agreements for the acquisition of Prasuma1, a player in the frozen, chilled and ready-to-cook foods space in India. It operates through the ‘Prasuma’, ‘Meatigo by Prasuma', and ‘Prasuma Momo Kitchen’ brands. It will acquire a 100% stake in Prasuma over three years, said a joint statement.
ITC to expand presence in frozen foods with Prasuma and Meatigo acquisitions
ITC has signed definitive agreements for the acquisition of Prasuma1, a leading player in the frozen, chilled, and ready-to-cook foods space in India. It operates through ‘Prasuma’, ‘Meatigo by Prasuma’ and ‘Prasuma Momo Kitchen’ brands. The company will acquire a 100% stake in Prasuma over three years, said a joint statement.
ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foods
Prasuma now has a presence in 100+ cities across all online, and offline channels and cloud kitchens. Its direct-to-consumer channel “Meatigo by Prasuma” offers a curated selection of exclusive products,
ITC signs agreement to acquire frozen food player Prasuma
KOLKATA: Diversified conglomerate ITC has signed definitive agreements for acquisition of Prasuma — one of the leading players in the frozen, chilled and ready to cook food space in India. This would be the fifth major acquisition in the FMCG space in 7-8 years by ITC,
Frozen food feast: ITC bites into momo-maker Prasuma
This acquisition will further fortify ITC’s presence in these future-facing categories, with current annual market size of over ₹10,000 crore and poised for rapid growth in the years ahead.
Outlook Business1h
ITC Shares Drop over 2% after Q3 Earnings
Shares of ITC Ltd on Friday ended over 2 per cent lower after the firm reported 7.27 per cent decline in consolidated net ...
Fortune India9h
Should you buy, hold or sell ITC shares post Q3; here’s what analysts say
ITC share price dropped over 2% today, extending fall for the third day, as investors reacted to its mixed Q3 results.
The Financial Express10h
ITC slips on margin worries. What’s the recommendation from top brokerages?
ITC shares dip amid margin concerns; brokerages like Nuvama, Motilal Oswal recommend buying. Explore insights and target ...
Indian consumer goods major ITC beats profit view as rural demand rebounds
Indian consumer goods major ITC reported quarterly profit above estimates on Thursday, benefiting from a revival in demand ...
Tax Guru57m
ITC on Construction of Immovable Property: A road to litigation
Summary: The eligibility of Input Tax Credit (ITC) on construction of immovable property under Sections 17(5)(c) and 17(5)(d) of the CGST Act, 2017 is a contentious issue. ITC is disallowed for goods ...
ITC share price: Should you buy, sell, or hold the FMCG giant’s stock after Q3 results? Explained
ITC's revenue from the FMCG-others segment was also up 4 per cent to ₹ 5,427.7 crore during the quarter under review. The ...
ITC shares: Q3 cigarette volumes strong, margin hurts; here are target prices
Nirmal Bang said ITC’s Q3 results were a mixed bag. Cigarette volume growth came in better than expectation, but margin for ...
ITC Section 337 Investigations: 2024 Highlights and Insights
A review of recent changes and horizon issues in US International Trade Commission (ITC or Commission) unfair import ...
ITC dividend: FMCG giant declares second dividend of ₹6.50 for FY25; Record date fixed on THIS day
The tobacco-to-hotels conglomerate fixed an interim dividend of ₹6.50 per share of Re 1 each, with a record date of February ...
ITC shares at Rs 480 or Rs 570? What stock analysts say
Systematix Institutional Equities said FMCG business growth may moderate in near term on depressed urban consumption, and ...