Mother Sparsh Baby Care Private Limited announced that it has entered into purchase agreement for gross proceeds of INR 200,000,000 on November 24, 2021. The transaction will include participation from new investor ITC Limited for 16% stake in the company on a fully diluted basis. The company will issue 100 equity shares and 1,980 compulsorily convertible preference shares in the transaction.

The company will issue the securities in two tranches,within 8 months from the date of execution of the agreements .