ITC has acquired 2.44% of the share capital (comprising 1,52,32,129 Equity Shares of Rs 2 each) of EIH and 0.53% of the share capital (comprising 34,60,829 Equity Shares of Rs 2 each) of HLV, from Russell Credit (RCL), a wholly owned subsidiary of the company. Post such acquisition, the company’s shareholding in EIH and HLV aggregates 16.13% and 8.11%, of their paid-up share capital, respectively.
EIH’s shares have been acquired at an aggregate consideration of Rs 111.22 crore (being the book value of the shares in the books of RCL). HLV’s shares have been acquired at an aggregate consideration of Rs 10.93 crore (being the book value of the shares in the books of RCL).
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.
