Diversified conglomerate ITC Ltd is in early talks with Norway’s Orkla ASA to acquire its Indian businesses, MTR Foods and Eastern Condiments, for about $1.4 billion, a media report said. The potential sale marks a shift from Orkla’s earlier plan to list its Indian operations Diversified conglomerate ITC Ltd is reportedly in early negotiations with Norway’s Orkla ASA to acquire its Indian businesses.

MTR Foods and Eastern Condiments, for approximately $1.4 billion. This potential acquisition signifies a change in Orkla’s initial plan to publicly list its Indian operations. These developments reflect strategic moves within the food and condiments sector, potentially impacting market dynamics and business growth strategies for both ITC and Orkla within the region

Diversified conglomerate ITC Ltd is reportedly in early negotiations with Norway’s Orkla ASA to acquire its Indian businesses, MTR Foods and Eastern Condiments, for approximately $1.4 billion. This potential acquisition signifies a change in Orkla’s initial plan to publicly list its Indian operations. These developments reflect strategic moves within the food and condiments sector, potentially impacting market dynamics and business growth strategies for both ITC and Orkla within the region