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ITC informs about clarification on news item

02 Apr 2020 Evaluate

In reference to e-mail dated 1st April, 2020 with respect to a news item which appeared on www.moneycontrol.com captioned ITC looks to add spice maker Sunrise Foods to its menu, ITC has informed that the Company, as part of its business strategy, is always exploring inorganic growth opportunities and enquiries received from the market participants are suitably evaluated. The Company has not entered into any exclusivity agreement for acquisition of Sunrise Foods. If and when there is any material development with respect to the affairs of the Company, the Stock Exchanges are kept advised, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Company’s Policy for determination of materiality of events and information for disclosure to the Stock Exchanges.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
ITC 258.00
Godfrey Phillips Ind 1915.00
VST Industries 203.30
Indian Wood Products 35.35
NTC Industries 134.95
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