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ITC concludes divestment of 100% stake in King Maker Marketing

17 Nov 2016 Evaluate

ITC has concluded the divestment of 100% stake in US-based King Maker Marketing, Inc., USA pursuant to which it ceased to be a subsidiary of the company with immediate effect.

Earlier, the company had informed that it will be divesting 100% of its equity stake in US-based King Maker Marketing Inc for an estimated consideration of $24 million. The FMCG major had entered into an agreement with the US-based buyer, Premier Manufacturing Inc, to sell its shares in the subsidiary company on October 08, 2016.

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

301.60 -3.80 (-1.24%)
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Company Name CMP
ITC 301.60
Godfrey Phillips 2105.20
VST Industries 256.45
The Indian Wood Pro. 33.90
NTC Industries 159.65
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