ITC inches up as its arm incorporates wholly owned subsidiary
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ITC is currently trading at Rs. 379.50, up by 0.35 points or 0.09% from its previous closing of Rs. 379.15 on the BSE.
The scrip opened at Rs. 379.00 and has touched a high and low of Rs. 381.60 and Rs. 378.15 respectively. So far 42633 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 394.00 on 23-Feb-2023 and a 52 week low of Rs. 238.90 on 16-Mar-2022.
Last one week high and low of the scrip stood at Rs. 393.40 and Rs. 377.20 respectively. The current market cap of the company is Rs. 470919.14 crore.
The Institutions holding in the company stood at 85.23%, while Non-Institutions held 14.78% in the company.
ITC’s wholly owned subsidiary -- ITC Infotech India (I3L) has incorporated wholly owned subsidiary in Germany under the name of ‘ITC Infotech GmbH’ (‘ITC Germany’) on March 10, 2023. Consequently, ITC Germany has become a step-down wholly owned subsidiary of the Company with effect from March 10, 2023.
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.
