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ITC acquires 96.825% equity share capital of Wimco

01 Oct 2011 Evaluate

ITC has acquired 96.825% of Wimco's equity share capital from Russell Credit, a wholly owned subsidiary of the company. The company has acquired the entire shareholding compromising 9,12,38,170 equity shares of Rs 1 each in Wimco’s share capital.

Pursuant to this acquisition, Wimco has become a direct subsidiary of the company with effect from September 29, 2011.

Recently, the company had acquired 26% stake in a 275-room, five-star luxury hotel property being developed by Noida-based Logix Group in Noida's Sector 105. The company plans to invest close to Rs 100 crore in the project and would also manage it under the top-end ITC hotels brand. 

ITC Share Price

281.90 -0.05 (-0.02%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 281.90
Godfrey Phillips Ind 2113.60
VST Industries 248.60
Indian Wood Products 33.50
NTC Industries 148.30
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