Announced Tue, 1 Sept · 16:40 IST
ITC subsidiary ITC Infotech amalgamates two step-down units
ITC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹266.30
prior close
₹266.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-0.9-0.8-0.3-1.2-0.8-1.1-1.1-2.1-2.4————
Up moveDown movePending
AI summary
ITC informed that its wholly owned subsidiary ITC Infotech India's scheme to amalgamate two step-down subsidiaries Blazeclan Technologies and Cloudlytics Technologies has been approved by NCLT Kolkata and Mumbai benches. The scheme is effective from 1 September 2026 with appointed date of 1 October 2024. Both units stand dissolved without winding up and cease to be subsidiaries.
Likely market impact
Internal restructuring among wholly owned subsidiaries. No change in ITC shareholding or impact on minority shareholders.