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ITC Ltd (ITC.NS)

ITC.NS on National Stock Exchange of India

265.65INR
23 Feb 2017
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Rs2.20 (+0.84%)
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Tue, Feb 7 2017

India raises $995 million from stake sale in ITC - sources

MUMBAI/NEW DELHI India has sold a 2 percent stake in consumer goods and cigarettes maker ITC Ltd, raising about 67 billion rupees ($995 million) for the government, three sources with direct knowledge of the deal said on Tuesday.

UPDATE 1-India raises $995 mln from stake sale in ITC - sources

* SUUTI sells 2 pct stake in ITC at 275.85 rupees/shr -source

India sells 2 pct stake in ITC for $995 mln - TV channels

MUMBAI, Feb 7 India has sold a 2 percent stake in ITC Ltd via block deals on Tuesday, raising 67 billion rupees ($995 million), television channels reported.

BRIEF-ITC says legal cigarette industry volumes remain under severe pressure

* Says "legal cigarette industry volumes remain under severe pressure even as illegal trade grows unabated"

BRIEF-ITC Ltd appoints Sanjiv Puri as CEO

* ITC Ltd says appointed Sanjiv Puri as CEO Source text - (http://bit.ly/2jltUfC) Further company coverage:

BRIEF-ITC Dec-qtr profit up about 6 pct

* Dec quarter total income from operations 135.70 billion rupees

BRIEF-ITC Ltd says splitting up of role of executive chairman

* ITC Ltd says splitting up of role of executive chairman between chairman and chief executive officer

BRIEF-ITC Ltd says Indivate Inc becomes unit of co

* ITC Ltd says subscription of share capital of Indivate Inc by ITC Infotech Source text: [ITC Limited has informed the Exchange that consequent to subscription of the entire share capital of Indivate Inc., USA by ITC Infotech (USA), Inc. on November 18, 2016, Indivate Inc. became a wholly-owned subsidiary of ITC Limited. ITC Infotech (USA), Inc. is a wholly-owned subsidiary of ITC Infotech India Limited which in turn is a wholly-owned subsidiary of ITC Limited] Further company coverage:

BRIEF-ITC says cigarettes business remained subdued in Sept qtr

* Says FMCG-cigarettes segment continues to be impacted due to severe pressure on legal cigarette industry

BRIEF-ITC Sept-qtr profit up about 5 pct

* Sept quarter total income from operations 136.17 billion rupees

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