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EY India acted as the exclusive sell-side M&A advisor to Ample Foods Private Limited, Meat and Spice Private Limited, and their shareholders on the 100% stake sale to ITC Limited.
EY has successfully advised Ample Foods Private Limited, Meat and Spice Private Limited, and their shareholders on the 100% stake sale to ITC Limited. The transaction will be completed over a period of three years, marking EY’s eighth consumer and fourth food and beverage transaction in the past 15 months.
Ample Foods Private Limited is a leading player in India’s ready-to-eat and ready-to-cook food segment, operating through well-known brands such as Prasuma, Meatigo, and Prasuma Momo Kitchen. Backed by a loyal customer base and a strong omnichannel distribution model, the business has scaled profitably while remaining bootstrapped.
ITC Limited is one of India’s leading diversified conglomerates, with a strong presence across fast-moving consumer goods, hotels, paperboards and packaging, agriculture, and information technology. The acquisition of Ample Foods and Meat and Spice reinforces ITC’s commitment to building future-ready consumer categories in the fast-evolving packaged foods market.
Prasuma and Meatigo have been pioneers in introducing high-quality, innovative ready-to-cook (RTC) products, resulting in strong customer followership and a leadership position. They have built a fast-growing, profitable business while being bootstrapped. With ITC's scale and strategic focus on building future-facing categories, the sky is the limit for Prasuma and Meatigo.