ITC Investments & Holdings has become the wholly-owned subsidiary of ITC. This is pursuant to the allotment of 45,00,000 equity shares of Rs 10 each to the company by ITC Holdings, for cash at par.
Earlier this month, WelcomHotels Lanka (WLPL), a company incorporated in Sri Lanka became a wholly-owned subsidiary of ITC. This was pursuant to the allotment of 37,65,000 equity shares to the company by WLPL on that date.
ITC, a diversified conglomerate has business 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.
