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ITC informs about Board Meeting

24 Aug 2013 Evaluate

ITC has informed that a meeting of the Board of Directors of the Company will be held on August 28, 2013, to consider a proposal for demerger of the Non-Engineering Business comprising Safety Matches Business and Agri (Forestry) Business of Wimco Limited (a subsidiary of the Company) into the Company. ITC Limited alongwith Russell Credit Limited, a wholly owned subsidiary, holds 98.21% of the equity share capital of Wimco Limited.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
ITC 268.55
Godfrey Phillips Ind 1875.00
VST Industries 200.95
Indian Wood Products 38.67
NTC Industries 137.00
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