Value Lens: How ITC priced Sunrise Foods and what it could mean for other spice makers

In May, the cigarettes-to-hotels conglomerate ITC Ltd agreed to purchase spices maker Sunrise Foods Pvt. Ltd as part of efforts to ramp up its fast-moving consumer goods business. While the Kolkata-based company hadn’t disclosed the deal value at the time, it has now revealed the price it is paying for ......