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ITC’s arm acquires Blazeclan

03 Oct 2024 Evaluate

ITC’s wholly owned subsidiary -- ITC Infotech India has acquired 100% of the share capital of Blazeclan Technologies (Blazeclan). Consequently, Blazeclan and its subsidiaries have become step-down wholly owned subsidiaries of the Company with effect from October 1, 2024. Total consideration is up to Rs 485 crore, including contingent consideration subject to achievement of performance targets as set out in the Share Purchase Agreement.

Blazeclan is an AWS Premier Partner, Snowflake Elite Partner and a leader in providing Cloud transformation solutions to customers globally. The company has strong expertise in Cloud Migration, Digital Services, Digital Cloud Consulting and Data Analytics & Insights.

This acquisition is expected to augment ITC Infotech’s capabilities to service its customers in a multi-cloud and hybrid cloud environment with a focus on the Partner eco-system to accelerate future growth. The acquisition is also expected to strengthen ITC Infotech’s commitment to helping clients navigate their digital transformation journey and deliver business outcomes built on the foundation of strong Cloud capabilities. 

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

311.00 -3.95 (-1.25%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 311.00
Godfrey Phillips 2216.20
VST Industries 258.40
The Indian Wood Pro. 34.47
NTC Industries 164.00
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