ITC’s wholly owned subsidiary - Russell Credit, has acquired the entire subscribed and paid-up equity share capital of Rs 20 crore of BFIL Finance (BFIL), another wholly owned subsidiary of the company. Consequently, BFIL has ceased to be a direct subsidiary of the company with effect from June 18, 2015.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
