ITC Ltd increases stake in International Travel House Ltd

ITC Ltd has today acquired (i) 36,26,633 Equity Shares of Rs. 10/- each of International Travel House Limited (ITHL) for an aggregate consideration of Rs. 21,21,58,031/-; and (ii) 90,000 Equity Shares of Rs. 100/- each of Maharaja Heritage Resorts Limited (MHRL) for an aggregate consideration of Rs. 90,00,000/-, from Russell Credit Limited, a wholly owned subsidiary of the Company.

With the aforesaid acquisition, the Company's shareholding in ITHL and MHRL aggregates 48.96% and 50%, respectively, of their paid-up share capital.

Shares of INTERNATIONAL TRAVEL HOUSE LTD. was last trading in BSE at Rs. 588.35 as compared to the previous close of Rs. 586.70. The total number of shares traded during the day was 2844 in over 112 trades.

The stock hit an intraday high of Rs. 599.45 and intraday low of 581.30. The net turnover during the day was Rs. 1676850.00.

Shares of ITC Limited was last trading in BSE at Rs. 428.45 as compared to the previous close of Rs. 421.25. The total number of shares traded during the day was 1525884 in over 25717 trades.

The stock hit an intraday high of Rs. 429.60 and intraday low of 421.25. The net turnover during the day was Rs. 651579710.00.

Source : Equity Bulls

Keywords

INTERNATIONALTRAVELHOUSE INE262B01016 ITC INE154A01025 StakeIncrease