Diversified conglomerate ITC is reportedly planning to set up a production unit in the north-east region for its packaged food items. This new manufacturing unit would be run by the company’s newest 76% subsidiary - North East Nutrients. The manufacturing plant is expected to be ready by the end of 2015.
Recently, the company had acquired 15,200 equity shares of Rs 10 each for cash at par representing 76% of its share capital of North East Nutrients
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.
