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ITC gains as its arm acquires 87.06% stake of CIDL for Rs 11.38 crore

09 Dec 2015 Evaluate

ITC is currently trading at Rs. 317.70, up by 2.50 points or 0.79% from its previous closing of Rs. 315.20 on the BSE.

The scrip opened at Rs. 318.00 and has touched a high and low of Rs. 319.00 and Rs. 316.95 respectively. So far 111900 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 409.70 on 28-Feb-2015 and a 52 week low of Rs. 294.50 on 15-Jun-2015.

Last one week high and low of the scrip stood at Rs. 350.80 and Rs. 310.70 respectively. The current market cap of the company is Rs. 255190.91 crore.

The Institutions and Non-Institutions held 55.81% and 43.94% respectively.

ITC’s step-down subsidiary - Greenacre Holdings (GHL) has acquired 87.06% of the equity share capital of Classic Infrastructure & Development (CIDL) at an aggregate consideration of Rs 11.38 crore. CIDL is an associate of Russell Credit (RCL).

GHL is a wholly owned subsidiary of RCL, which a wholly owned subsidiary of ITC. CIDL having become a wholly owned subsidiary of GHL and of RCL and it has also become a wholly owned subsidiary of ITC with effect from December 07, 2015.

CIDL is engaged in the business of property maintenance & management and its net-worth as on March 31, 2015 and Profit after Tax for the year ended on that date are Rs 8.44 crore and Rs 20.16 lakh, respectively.

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.



ITC Share Price

306.80 3.35 (1.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 306.80
Godfrey Phillips 2207.10
VST Industries 265.10
The Indian Wood Pro. 34.45
NTC Industries 172.00
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