ITC has acquired 1,967 Compulsorily Convertible Preference Shares of Rs 10 each of Delectable Technologies (Delectable) in the fourth tranche on December 06, 2022. With the aforesaid acquisition, the Company’s shareholding in Delectable aggregates 33.42% of its share capital on a fully diluted basis. Earlier, on December 20, 2021, in the third tranche, the company had acquired 1,964 Compulsorily Convertible Preference Shares of Rs 10 each of Delectable Technologies.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
