ITC, a diversified conglomerate with a strong presence in the FMCG sector, has signed definitive agreements to acquire 100% of Prasuma, a player in the frozen, chilled, and ready-to-cook foods market.

The strategic investment is in line with ITC’s vision to be a long-term player in the fast-growing frozen, chilled and ready-to-cook foods segment in India. AFPL also owns popular consumer ...