ITC has acquired 36,26,633 Equity Shares of Rs 10 each of International Travel House (ITHL) for an aggregate consideration of Rs 21.22 crore and 90,000 Equity Shares of Rs 100 each of Maharaja Heritage Resorts (MHRL) for an aggregate consideration of Rs 90 lakh from Russell Credit, a wholly owned subsidiary of the company. With the aforesaid acquisition, the company’s shareholding in ITHL and MHRL aggregates 48.96% and 50%, respectively, of their paid-up share capital.
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.
