ITC has filed a Rs 1,000-crore defamation suit against proxy advisory firm Institutional Investor Advisory Services (IiAS) at the Calcutta High Court for allegedly making defamatory statements against the company and its directors. In the suit, filed last month, the company said that IiAS had published two reports that were false, defamatory and malicious.
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.
