ITC Ltd.

ITC is currently trading at Rs. 298.45, up by 1.10 points or 0.37% from its previous closing of Rs. 297.35 on the BSE.

The scrip opened at Rs. 298.00 and has touched a high and low of Rs. 304.50 and Rs. 285.40 respectively. So far 1195645 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 380.00 on 24-Jul-2013 and a 52 week low of Rs. 251.10 on 17-Sep-2012.

Last one week high and low of the scrip stood at Rs. 322.90 and Rs. 290.20 respectively. The current market cap of the company is Rs. 236577.17 crore.

The Institutions holding in the company stood 53.43 % while Non-Institutions held 46.27% of the stake.

ITC, diversified conglomerate has received its board’s approval to demerge Non-Engineering Business comprising Safety Matches Business and Agri (Forestry) Business of Wimco, a subsidiary of the company and subsequently merge the non-engineering business with itself. This is according to the related Scheme of Arrangement between Wimco and the ITC.

The Scheme, which is subject to approvals as necessary, will take effect from April 01, 2013. Upon the Scheme becoming effective, the Members of Wimco will be entitled to 2 Ordinary Shares of Re 1 each of the company for every 77 equity shares of Re 1 each of Wimco held by them on such date as may be determined.

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