ITC Infotech India Ltd forms subsidiary in Germany

ITC Infotech India Limited ('I3L'), a wholly owned subsidiary ('WOS') of ITC Ltd, that they have incorporated a WOS in Germany under the name of 'ITC Infotech GmbH' ('ITC Germany') on 10th March, 2023; the registration certificate evidencing incorporation of the said subsidiary has been received by I3L today.

Consequently, ITC Germany has become a step-down wholly owned subsidiary of the Company with effect from 10th March, 2023.

Shares of ITC Limited was last trading in BSE at Rs. 379.15 as compared to the previous close of Rs. 379.75. The total number of shares traded during the day was 447828 in over 8798 trades.

The stock hit an intraday high of Rs. 384.35 and intraday low of 378.00. The net turnover during the day was Rs. 170243253.00.

Source : Equity Bulls

Keywords

ITC INE154A01025 ITCInfotechIndia Subsidiary Germany ITCInfotechGmbH