ITC subsidiary ITC Infotech amalgamates two step-down units

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

ITC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹266.30

prior close

₹266.00

announcement price

After-mkt

timing

Nifty 100market-0.5%+0.8% vs market

Fast Moving Consumer Goods peers, median of 302sector · sector level-0.1%+0.4% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty 100 and 0.4 pts more than its Fast Moving Consumer Goods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-0.9

15m

-0.8

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3-0.5+0.8-0.1+0.4

Next day

-1.2-0.6-0.6+0.0-1.2

-0.8-0.5-0.3-0.2-0.6

-1.1-1.0-0.0-0.1-0.9

-1.1-1.4+0.4-0.2-0.8

-2.1-2.1+0.1-0.8-1.3

-2.4-2.4+0.0-1.6-0.8

15d

+0.6-3.7+4.4-2.7+3.3

+1.0-6.0+7.0-4.7+5.7

-0.4-3.1+2.7-8.4+8.0

—————

UpDownMarket · Nifty 100Sector · Fast Moving Consumer Goods peers, median of 302Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.