ITC to take over spices company Sunrise Foods

Indian consumer goods giant ITC (ITC.NS) is going to acquire spices maker Sunrise Foods Private Limited, the company said in a statement to stock exchanges on Sunday.

The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited, which has operated primarily in the spice business under the trademark "Sunrise", the Kolkata-based company said.

The size of the deal was not revealed.

Also read: Govt should keep in abeyance equalisation levy on non-resident e-commerce firms, say experts

Also read: Four of top-10 firms add Rs 1.12 lakh crore in m-cap; RIL leads