ITC has acquired the entire equity share capital of Technico Agri Sciences, India, from Technico, Australia, for Rs 121 crore. Prior to acquisition, Technico Agri Sciences was a wholly owned subsidiary of Technico, which in turn is a wholly owned subsidiary of the company. Consequently, Technico Agri Sciences has become a direct subsidiary of the company with effect from March 22, 2016.
Technico Agri Sciences is in the Agricultural Bio-Technology business primarily of growing and selling TECHNITUBER Seed Potatoes and Field Generated seed Potatoes.
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.
