ITC gains on acquiring additional stake in Delectable Technologies
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ITC is currently trading at Rs. 340.50, up by 3.20 points or 0.95% from its previous closing of Rs. 337.30 on the BSE.
The scrip opened at Rs. 337.05 and has touched a high and low of Rs. 341.40 and Rs. 336.60 respectively. So far 376129 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 361.90 on 11-Nov-2022 and a 52 week low of Rs. 207.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 341.55 and Rs. 334.00 respectively. The current market cap of the company is Rs. 422881.66 crore.
The Institutions and Non-Institutions held 85.10% and 14.88% stake in the company.
ITC has acquired 1,967 Compulsorily Convertible Preference Shares of Rs 10 each of Delectable Technologies (Delectable) in the fourth tranche on December 06, 2022. With the aforesaid acquisition, the Company’s shareholding in Delectable aggregates 33.42% of its share capital on a fully diluted basis. Earlier, on December 20, 2021, in the third tranche, the company had acquired 1,964 Compulsorily Convertible Preference Shares of Rs 10 each of Delectable Technologies.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
