ITC gains on acquiring stake in Mother Sparsh

ITC is currently trading at Rs. 239.55, up by 1.75 points or 0.74% from its previous closing of Rs. 237.80 on the BSE.

1200px ITC Limited Logo.svg
ITC Limited Logo.svg

ITC scrip opened at Rs. 239.15 and has touched a high and low of Rs. 240.85 and Rs. 238.90 respectively. So far 119251 shares were traded on the counter.

ITC The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 265.30 on 18-Oct-2021 and a 52 week low of Rs. 199.10 on 04-May-2021.

Last one week high and low of the scrip stood at Rs. 241.40 and Rs. 227.90 respectively. The current market cap of the company is Rs. 295687.99 crore.

The Institutions holding in the company stood at 53.78% and Non-Institutions held 46.22%.

ITC has acquired 1,040 Compulsorily Convertible Preference Shares of Rs 10 each of Mother Sparsh Baby Care (Mother Sparsh) in the second tranche. With the aforesaid acquisition, the Company’s shareholding in Mother Sparsh aggregates 16% of its share capital on a fully diluted basis.

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.