ITC Limited—an Indian conglomerate with various business segments including FMCG, hotels, paperboards and packaging, agribusiness and IT—informed its shareholders on Tuesday that the company has received approval from NCLT for the demerger.
“The Company has received a certified copy of the Order dated October 4, 2024, issued by the Hon’ble National Company Law Tribunal, Kolkata Bench, sanctioning the Scheme of Arrangement amongst ITC Limited and ITC Hotels Limited and their respective shareholders and creditors under Sections 230 to 232 read with the…
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