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ITC dissolves its step down subsidiary

01 Dec 2011 Evaluate

ITC’s wholly owned subsidiary - BFIL Finance vide its letter dated November 28, 2011, advised that BFIL Securities, which was under voluntary winding up, has been dissolved effective November 25, 2011. BFIL Securities is a wholly owned subsidiary of BFIL Finance.

Recently, ITC had acquired 96.825% of Wimco's equity share capital from Russell Credit, a wholly owned subsidiary of the company. The company had acquired the entire shareholding compromising 9,12,38,170 equity shares of Rs 1 each in Wimco’s share capital.

Pursuant to this acquisition, Wimco had become a direct subsidiary of the company with effect from September 29, 2011.

ITC Share Price

302.10 3.45 (1.16%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ITC 302.10
Godfrey Phillips 2092.55
VST Industries 237.80
The Indian Wood Pro. 33.13
NTC Industries 157.95
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