The Investment Trust Of India Limited — JV/Acquisition, 13-05-2026: Amalgamation/Merger

The Investment Trust of India (TITIL) will consolidate its business by merging four wholly-owned subsidiaries – ITI Gilts, ITI Wealth Management, ITI Alternate Funds Management, and Fortune Management Advisors – into itself. This move, effective April 1, 2026 (subject to approvals), aims to simplify TITIL's structure, enhance synergy, and reduce operational costs. Crucially, no new shares will be issued, ensuring TITIL's shareholder pattern remains unchanged. Separately, the Board has decided to drop the earlier demerger plan of its non-lending business into Distress Asset Specialist Limited, simplifying future operations.