ITC Limited — JV/Acquisition, 29-11-2024: Acquisition

ITC Limited has acquired the entire share capital of Greenacre Holdings Limited (GHL), totaling 4,20,60,166 equity shares at an aggregate consideration of ₹42.10 crore. This acquisition, carried out from Russell Credit Limited, a wholly owned subsidiary, is part of an internal restructuring to enhance operational synergy within the group. GHL specializes in property infrastructure maintenance and project management consultancy, which may contribute diversified capabilities to ITC’s portfolio, potentially strengthening its market position and operational efficiency.