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BSE: 500875NSE: ITCISIN: INE154A01025

27th-Jul-2020 21:57Source: BSE

ITC - Announcement under Regulation 30 (LODR)-Updates on Acquisition

Reference is made to our letter dated 24th May, 2020 advising that the Company has entered into a Share Purchase Agreement to acquire shares of Messrs. Sunrise Foods Private Limited (''Sunrise'').

We now write to advise that the Company has acquired 100% of the equity share capital of Sunrise on 27th July, 2020. Consequent to the above, Sunrise and its two subsidiaries viz., Sunrise Sheetgrah Private Limited and Hobbits International Foods Private Limited, have become wholly owned subsidiaries of the Company with effect from the aforesaid date.

Details of the aforesaid acquisition of Sunrise, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular dated 9th September, 2015, are given in the Annexure.