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ITC to acquire additional stake in Delectable Technologies

19 Oct 2023 Evaluate

ITC has entered into definitive agreements to acquire further 2,286 Equity Shares of Rs 10 each of Delectable Technologies (Delectable), an associate company, subject to completion of agreed conditions precedent. The said shares, once acquired, will take the Company’s shareholding in Delectable from 33.42% to 39.32% (on a fully diluted basis).

The said acquisition will, inter alia, further strengthen presence of ITC’s FMCG products in the emerging distribution channel of vending machines. The share acquisition is expected to be completed within 30 days from the date of execution of the definitive agreements (viz. Share Subscription Agreement and Amended and Restated Shareholders’ Agreement) or such other date as may be mutually agreed between the Parties.

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.

ITC Share Price

306.80 3.35 (1.10%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 306.80
Godfrey Phillips 2207.10
VST Industries 265.10
The Indian Wood Pro. 34.45
NTC Industries 172.00
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