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.
