INSUBCONTINENT EXCLUSIVE:
Shares of ITC settled 0.12 percent greater at Rs 212.55 each on the BSEFast-moving consumer goods (FMCG) major ITC Limited raised its
holding to 27.34 per cent in Scrumptious Technologies - which operates the Azgo app and vending makers selling snacks and other fast-moving
consumer goods.On December 20, ITC got 1,964 Compulsorily Convertible Preference Shares of Rs 10 each of Scrumptious Technologies in the 3rd
tranche, according to a regulative filing by the company to the stock market on Tuesday.With the acquisition, the business's shareholding in
Delightful aggregates 27.34 per cent of its share capital on a totally watered down basis, the business said.Two years back, ITC Ltd had
actually consented to acquire a stake of approximately 33.42 per cent in Delectable Technologies Pvt Ltd
It revealed that it will pay up to Rs 7.50 crore in 4 tranches
The company had said that the offer will strengthen the existence of its FMCG items in the emerging distribution channel of vending machines
On Tuesday, December 22, shares of ITC settled 0.12 per cent greater at Rs 212.55 apiece on the BSE
ITC opened on the BSE at Rs 214, signing up an intra day high of Rs 215.45 and an intra day low of Rs 211.10, throughout the trading session
yesterday.Few days back, ITC had announced that it had actually bought an 8.70 percent equity stake in Mom Sparsh Child Care - a D2C
Ayurvedic and natural individual care brand
The acquisition remained in accordance with ITC's statement made last month, when the business had stated to acquire a 16 per cent stake in
Mother Sparsh through a share membership agreement.Mother Sparsh is a premium Ayurvedic and natural personal care start-up in the D2C space,
concentrating on the mom and child care segment
