Nureca Limited — JV/Acquisition, 16-12-2024: Acquisition

Nureca Limited has acquired 40,000 equity shares of ITC Limited, amounting to an investment at Rs. 1.89 per share, primarily as a strategic investment in the Fast Moving Consumer Goods (FMCG) sector. ITC, established in 1910, reported a turnover of Rs. 70,105.29 Cr in 2024. This acquisition aims to enhance Nureca's investment portfolio and diversify its business interests, without falling into related party transactions. The shares were acquired through the open market, and no governmental approvals were required for completion of the transaction.