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ITC Edges Closer To Control With 49.32 Percent Stake In Ayurveda Led Mother Sparsh
ITC Ltd has increased its shareholding in Mother Sparsh Baby Care from 39.47 percent to 49.32 percent, signalling a stronger strategic commitment to the fast growing baby and personal care segment. The move inches ITC closer to a controlling position, while still keeping Mother Sparsh as a largely founder led brand.
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