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ITC to acquire Nimyle brand from Arpita Agro: Report

29 May 2018 Evaluate

ITC is reportedly in the process of acquiring the Nimyle brand of floor cleaner from Arpita Agro, in order to boost revenue from its non-cigarette FMCG segment. Nimyle will give ITC an immediate entry into the floor, bathroom and kitchen cleaning space where it is inexperienced.

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.

Peers
Company Name CMP
ITC 257.20
Godfrey Phillips Ind 1662.30
VST Industries 197.35
Indian Wood Products 33.50
NTC Industries 123.30
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