India’s ITC strengthens position in frozen foods with Prasuma acquisition
ITC will take full control of Prasuma from its owners - Ample Foods and its subsidiary Chao Chao Foods, and Meat and Spice - in three tranches over a period of three years. The fi
ITC doubles down on frozen foods business; plans to acquire Prasuma for Rs 300 crore
According to Hemant Malik, Wholetime Director, ITC, the addition of Prasuma into ITC’s portfolio will help it build a full stack of frozen and ready-to-cook foods portfolio. The move aligns with its ITC Next strategy coined by its Chairman Sanjiv Puri.
ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foods
ITC has signed definitive agreements to acquire Prasuma, a company operating in the frozen, chilled, and ready-to-cook food segment in India. The move is expected to strengthen ITC’s position in the growing frozen food market.
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.
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.
ITC to acquire 100% stake in Prasuma over 3 years
ITC to acquire Prasuma fully in 3 years, bolstering its frozen food portfolio. Discover the details and future plans!
ITC to acquire Prasuma, expanding its frozen food portfolio
ITC has signed definitive agreements to acquire Prasuma, a ready-to-cook foods brand in India. Prasuma is a frozen food brand, expanded by Lisa Suwal and Siddhant Wangdi.
ITC acquires 43.8% stake in frozen foods firm Prasuma, plans full takeover by 2027
ITC strengthens its food portfolio with a strategic investment in Prasuma, aiming for full acquisition by 2027.
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 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 .
ITC Q3 results: Net profit drops 7.5% to Rs 4,935 crore, revenue rises 8%
The maker of Gold Flake cigarettes and Sunfeast biscuits reported a 7.7 per cent rise in revenue to Rs 20,350 crore from Rs ...
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Finger lickin’ good: Big corporates eye the meat-and-fish market
ITC joined the ranks of fellow conglomerate Godrej which already has a pan-Indian presence in the frozen meats and snacks ...