The Board of Directors of ITC Limited, at its meeting held today, evaluated and discussed various alternative structures for the Hotels Business towards crafting the next horizon of growth as also enhancing value creation for all stakeholders. The Board noted that the Company’s Hotels Business has matured over the years and is well poised to…
Diversified conglomerate ITC Limited announced the appointment of Peter Rajatilakan Chittaranjan as an Additional Non-Executive Director on the company’s Board, with effect from February 3, 2023. According to the company’s exchange filing, “We write to advise that the Board of Directors of the Company (‘the Board’) at the meeting held today, i.e. 3rd February, 2023,…
FMCG giant ITC Limited announced the appointment of Supratim Dutta as Director and Whole-time Director on the company’s Board, with effect from July 22, 2022. According to the company’s exchange filing, “Further to our letter dated 181 h May, 2022, we write to advise that the Members of the Company at the 1111 h Annual…
ITC proposes to acquire 10% stake in Blupin Technologies Private Limited, the company behind brand Mylo. Founded in 2017, Mylo, is a full stack community eco-system focused on the parenting journey of young families. Mylo addresses the needs of its consumers through a wide and relevant range of content, health tools, conversations and community sharing…
Mr. Atul Jerath has stepped down from the Board of Directors of the Company with effect from 1st May, 2021, consequent to his retirement from The Oriental Insurance Company Limited. Atul Jerath, joined the ITC Board as a Non-Executive Director effective January 31, 2020, representing the General Insurers’ (Public Sector) Association of India. Jerath is…
ITC, a multi-business conglomerate with presence in FMCG, Hotels, Paperboards & Packaging, Agri Business & Information Technology, announced the appointment of Supratim Dutta as Chief Financial Officer as part of its organizational restructuring. As per exchange filings, Dutta was appointed as the chief financial officer (CFO) with effect from September 5. Dutta replaced Rajiv Tandon,…
Leading corporations and business leaders have announced their support to fight Covid-19 pandemic, and apart from their direct efforts, and work being done by their respective foundations or CSR initiatives, some of them have committed funds to the union and state governments relief funds. Most of these funds are expected to be directed towards putting…