India, Sept. 29 -- FMCG major ITC has completed the acquisition of 100% of Sproutlife Foods, the parent of healthy snacking brand Yoga Bar, buying the remaining 52.5% stake for around Rs.645 Cr.

In an exchange filing, the FMCG major informed that it bought 13,445 equity shares of Sproutlife through a secondary purchase. The transaction takes its holding in the company from around 47.5% to 100%, making Sproutlife a wholly owned subsidiary of ITC with effect from September 28.

ITC had first announced its plans to acquire Yoga Bar in January 2023, when it said it would acquire 100% of Sproutlife in tranches over three to four years.

It initially invested Rs.175 Cr to acquire a 39.4% stake via primary subscription of shares as well as seco...