ITC trades higher on raising stake in Delectable Technologies to 27.34%
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ITC is currently trading at Rs. 213.10, up by 0.55 points or 0.26% from its previous closing of Rs. 212.55 on the BSE.
The scrip opened at Rs. 214.30 and has touched a high and low of Rs. 214.30 and Rs. 212.80 respectively. So far 132884 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 265.30 on 18-Oct-2021 and a 52 week low of Rs. 196.90 on 22-Dec-2020.
Last one week high and low of the scrip stood at Rs. 232.25 and Rs. 209.85 respectively. The current market cap of the company is Rs. 261917.67 crore.
The Institutions and Non-Institutions held 54.53% and 45.47% stake respectively, in the company .
ITC has raised its holding to 27.34 per cent in Delectable Technologies, a company that operates the Azgo app and vending machines selling snacks and other fast-moving consumer goods. The company has acquired on December 20, in the third tranche, 1,964 Compulsorily Convertible Preference Shares of Rs 10 each of Delectable Technologies.
Two years ago, the company had agreed to acquire a stake of up to 33.42 per cent in 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.
