The Board of ITC Hotels at its meeting held on 11 January 2025 hasallotted 125,11,71,040 equity shares of Re 1/- each to the shareholders of ITC as on the Record Date i.e., 6 January, 2025, pursuant to the Scheme of Arrangement amongst ITC and ITCHL and their respective shareholders and creditors. Powered by Capital Market - Live News

ITC has acquired 2.44% of the share capital (comprising 1,52,32,129 equity shares of Rs 2/- each) of EIH and 0.53% of the share capital (comprising 34,60,829 equity shares of Rs 2/- each) of HLV, from Russell Credit, a wholly owned subsidiary of the company.Post such acquisition, the Company`s shareholding in EIH and HLV aggregates 16.13% and 8.11%, of their paid-up share capital, respectively.Powered by Capital Market - Live News

ITC has acquired the entire share capital (comprising 4,20,60,166 equity shares of Rs 10/- each) of Greenacre Holdings (GHL), an unlisted company, from Russell Credit, a wholly owned subsidiary (WOS) of the Company. Consequently, GHL has become a direct WOS of the Company. The acquisition forms part of restructuring within the group. GHL is engaged in property infrastructure maintenance, and providing engineering, procurement, construction management and project management consultancy services. Powered by Capital Market - Live News

ITC has allotted 11,19,510 ordinary shares of Re 1/- each, upon exercise of 1,11,951 options by optionees under the Company`s Employee Stock Option Schemes. Consequently, with effect from 15 November, 2024, the Issued and Subscribed Share Capital of the Company stands increased to Rs 1251,08,11,851/- divided into 1251,08,11,851 ordinary shares of Re 1/- each.Powered by Capital Market - Live News

Net profit of ITC rose 1.94% to Rs 4992.87 crore in the quarter ended September 2024 as against Rs 4898.07 crore during the previous quarter ended September 2023. Sales rose 16.66% to Rs 20581.57 crore in the quarter ended September 2024 as against Rs 17641.96 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales20581.5717641.96 17 OPM %32.8536.58 - PBDT7369.477117.87 4 PBT6849.106664.83 3 NP4992.874898.07 2 Powered by Capital Market - Live News