Page 2 - Itc Ltd

ITC seeks CCI nod to acquire ABREL's Century pulp paper biz for ₹3,498 cr

ITC Ltd has sought the CCI's approval to acquire the pulp and paper business of Aditya Birla Real Estate Ltd (ABREL) for Rs 3,498 crore. "The proposed transaction refers to the sale of the target business (paper and pulp manufacturing business of ABREL) to the acquirer (ITC Ltd), as a going concern, in accordance with the business transfer agreement executed between the parties," according to a notice filed with the Competition Commission of India (CCI). Established in 1984 at Lalkuan (Nainital, Uttarakhand), pulp and paper undertaking Century Pulp and Paper (CPP) of ABREL is a well-established player in the Indian Paper industry with an installed capacity of 4.8 lakh metric tonnes per annum. According to ITC and ABRE, the "proposed transaction does not raise any competition concerns within the relevant markets as the market is highly competitive, and will not cause any appreciable adverse effect on competition in the relevant markets", the CCI notice said. In March, ABREL announce

ITC, Radico Khaitan, VST: How to trade sin stocks amid GST reforms?

Technical charts show that alcohol and tobacco-related stocks such as ITC, VST Industries and United Spirits seem to be unfavourably placed, and could fall up to 18 per cent from here.

ITC vs HUL: Technical charts weigh in favour of this FMCG stock; check why

ITC vs HUL stock: HUL seems technically favourably placed as per the strength shown by the momentum oscillators; the stock also witnessed a 'Golden Crossover' recently, shows the daily chart.

ITC dips 1%, nears near 52-wk low; analysts decode stock's underperformance

In the past six months, ITC stock has underperformed the market by declining 7 per cent, as compared to 6 per cent rally in the BSE Sensex and 0.8 per cent gain in the BSE FMCG index.

LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag

Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July

ITC Chairman Puri unveils ₹20,000 crore expansion strategy at AGM 2025

Chairman Sanjiv Puri says 65 per cent of ITC's revenue now comes from non-cigarette businesses as the firm prioritises domestic growth under 'Bharat First' strategy

ITC to boost growth by scaling up value-added agri products portfolio

Diversified conglomerate ITC Limited said that the strategic focus of its agriculture business continues to be on accelerating growth by scaling up its value-added agri-products portfolio. In the annual report for 2024-25, the Kolkata-headquartered company said the scope and operations of its agri-business have grown manifold over the years and currently encompasses over 3.5 million tonnes of annual throughput in 22 states. The company plans to straddle across multiple value chains comprising spices, coffee, frozen marine products and processed food. Segment revenue of ITC's agri business increased 25 per cent year-on-year to Rs 19,753 crore in 2024-25. The company consolidated its position as a preferred supply chain partner to buyers in spices like chilli, cumin, turmeric and coriander, according to the annual report. The business continues to scale up its organic and integrated crop management programmes, expanding organic cultivation across multiple states to meet the growing

ITC vs HUL vs Dabur: Which is the best bet among these FMCG major shares?

Technically, Hindustan Unilever looks the strongest for now, while ITC is seen trapped in a trading range for more than a year.

ITC slips 3% after huge block deal, trades ex-dividend of ₹7.85 per share

According to reports British American Tobacco (BAT) is considering further reducing its stake in ITC in a potential on-market sale.

ITC's top investor BAT considering further stake sale in Indian FMCG major

The development comes almost a year after BAT sold around 3.5 per cent of its stake in ITC for around $2 billion

Dividend stocks: ITC, Colgate Palmolive, Kennametal to go ex-date on May 28

Among the highlighted companies, industrial products maker Kennametal India has declared the highest dividend, announcing an interim dividend of ₹40 per share

How much upside can ITC stock see post Q4 results? Find out here

Technically, ITC share price has been consolidating around its 200-DMA for more than a month; the weekly chart suggests that upside on the stock seems capped around ₹461 for now.

Q4 results today: ITC, Sun Pharma, GMR Airports on May 22; see full list

Q4 FY25 company results today: Emcure Pharmaceuticals, Honasa Consumers, and Reliance Home Finance will be among 164 companies to post earnings reports for the January-March quarter on May 22

LIC portfolio recovers ₹1.8 trillion amid market rebound from April lows

LIC's top equity holding in terms of value, Reliance Industries (RIL), has been one of the biggest contributors in its portfolio, with the stock's 25 per cent surge adding ₹26,515 crore in value

ITC trades below this monthly avg after 4 years, VBL first-time; what next?

ITC, Varun Beverages share outlook: FMCG major ITC can slip another 10.5%, while Pepsi distributor VBL could slide another 27% suggests technical charts.

LIC suffers Rs 84,000 crore dent in portfolio amid stock market crash

A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25

Defensives are back, says Nuvama; bets on Pidilite, HUL, United Breweries

Among the key themes identified in the report is the growing importance of rural markets. Nuvama expects companies with a stronger rural exposure to outpace urban-focused peers in the next 2 quarters

ITC in talks to acquire MTR Foods and Eastern Condiments in $1.4 bn deal

ITC is in preliminary discussions with Norway's Orkla ASA to acquire two of its brands as part of its efforts to expand presence in the southern Indian spice market

ITC Q3 results: Net profit drops 7.5% to Rs 4,935 crore, revenue rises 8%

Early signs of recovery in urban demand, says ITC

ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foods

Diversified conglomerate ITC Ltd has signed definitive agreements to acquire a 100 per cent stake in Prasuma, a leading brand in the frozen, chilled, and ready-to-cook foods segment, for greater footprint in the Rs 10,000 crore sector. The company announced on Thursday that by April 2027, it will invest around Rs 187 crore to acquire 62.5 per cent of Prasuma. The valuation for the remaining 37.5 per cent will be decided at a later date. The acquisition will be carried out in multiple tranches over three years. In the first phase, ITC will acquire a 43.8 per cent stake in Ample Foods Private Limited (AFPL), which owns the Prasuma brand, along with its subsidiary Chao Chao Foods Private Limited and its associate company Meat and Spice Private Limited (MSPL). The initial investment of Rs 131 crore will be made through a combination of primary subscription and secondary purchases, expected to be completed by March 2025. ITC's equity stake in Prasuma will subsequently increase to 62.5