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ITC acquires 76% share capital of North East Nutrients

11 Feb 2014 Evaluate

ITC has acquired 15,200 equity shares of Rs 10 each for cash at par representing 76% of its share capital of North East Nutrients. Pursuant to this acquisition, North East Nutrients has become a subsidiary of the company with effect from February 06, 2014. The Registered Office of North East Nutrients is at Kolkata, West Bengal.

ITC, a diversified conglomerate has business interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

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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