ITC Ltd.

ITC has raised its holding to 27.34 per cent in Delectable Technologies, a company that operates the Azgo app and vending machines selling snacks and other fast-moving consumer goods. The company has acquired on December 20, in the third tranche, 1,964 Compulsorily Convertible Preference Shares of Rs 10 each of Delectable Technologies.

Two years ago, the company had agreed to acquire a stake of up to 33.42 per cent in Delectable Technologies.

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