ITC has acquired 857 Compulsorily Convertible Preference Shares of Rs 10 each of Mother Sparsh at a consideration of around Rs 11.54 crore. With the aforesaid acquisition, the Company’s shareholding in Mother Sparsh aggregates 26.50% of its share capital on a fully diluted basis.
Earlier, the company had entered into definitive agreements to acquire further 857 Compulsorily Convertible Preference Shares. The said acquisition is in line with the Company’s continued interest in the fast growing Direct to Consumer (D2C) space in the 'personal care' category.
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.
Company Name | CMP |
---|---|
ITC | 438.70 |
Godfrey Phillips | 3333.25 |
VST Industries | 4054.35 |
The Indian Wood Pro. | 31.54 |
Golden Tobacco | 43.09 |
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