ITC has acquired 2,286 Equity Shares of Rs 10 each of Delectable Technologies (Delectable). With the aforesaid acquisition, the Company’s shareholding in Delectable aggregates 39.32% of its share capital on a fully diluted basis.
Earlier, ITC had entered into definitive agreements to acquire further 2,286 Equity Shares of Rs 10 each of Delectable Technologies, an associate company, subject to completion of agreed conditions precedent. The said acquisition will, inter alia, further strengthen presence of ITC’s FMCG products in the emerging distribution channel of vending machines.
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.
