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itc limited-spons gdr (ITCTY) Details

ITC Limited, together with its subsidiaries, is engaged in the fast moving consumer goods, hotels, paperboards and specialty papers, packaging, agri-products, and information technology businesses in India and internationally. It offers cigarettes and cigars; staples, snack and ready to eat foods, and confectionery products; personal care products; education and stationery products; safety matches; and agarbattis under various brand names. The company also retails formal, casual, sports, party, evening, and designer wear; denims; and accessories through Wills Lifestyle and John Players stores. It operates 91 Wills Lifestyle stores, and approximately 700 shop-in-shops in departmental stores and multi-brand outlets; and 400 John Players stores and 1600 multi-brand outlets and departmental stores. In addition, the company provides packaging, specialty, papers, and graphic boards; communication, writing, printing, and specialty paper products; and carton board, flexible, and tobacco packaging products, as well as operates approximately 100 hotels under the ITC Hotel, WelcomHotel, Fortune, and WelcomHeritage names. Further, it exports feed ingredients, food grains, marine products, processed fruits, coffee, leaf tobacco, and spices; and provides information technology services and solutions to various industries. Additionally, the company operates e-Choupal that offers real-time information on weather, market prices, agricultural practices, etc; Choupal Pradarshan Khets program, which provides services and training; and Choupal Saagar, a rural services hub. It also provides property infrastructure maintenance services; develops and manages golf resorts; develops land and hotel; trades in cigarettes; produces and commercializes seed potato technology; and constructs food processing facility. The company was incorporated in 1910 and is based in Kolkata, India.

25,917 Employees
Last Reported Date: 06/25/14
Founded in 1910

itc limited-spons gdr (ITCTY) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: 105.6M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: --
Executive Director, Member of Stakeholders Re...
Total Annual Compensation: 18.0M
Divisional Chief Executive of Paperboards & S...
Total Annual Compensation: 18.0M
Divisional Chief Executive Officer of Hotels ...
Total Annual Compensation: 18.0M
Compensation as of Fiscal Year 2014.

itc limited-spons gdr (ITCTY) Key Developments

ITC Denies Ramada Caravela Acquisition

ITC Limited (BSE:500875) clarified after market hours on July 14, 2014, regarding reports of ITC Hotels close to acquiring the Ramada Caravela Beach Resort from ITC at a cost of INR 700 crore that the report is speculative. ITC does not respond to market rumours. ITC further said it routinely scans strategic opportunities for business growth and this process involves dialogues from time to time with relevant parties across the country for different businesses. As and when there is conclusive development of a substantive nature, ITC keeps the stock exchanges informed.

Advani Hotels Denies Discussions To Sell Ramada Caravela To ITC

Advani Hotels & Resorts (India) Limited (BSE:523269) has clarified with reference to the news item appearing in a leading financial daily titled "ITC Hotels may Check into Ramada Caravela for INR 700 crore. Advani Hotels had no such negotiations or even discussions in this respect and hence, the question of giving any intimation to the Stock Exchanges does not arise.

ITC Reportedly Close To Acquire Ramada

ITC Limited (BSE:500875) is reportedly close to acquiring Ramada Caravela Beach Resort from Advani Hotels & Resorts (India) Limited (BSE:523269). ITC would acquire Ramada Caravela through its hotel division and the acquisition could cost around INR 7 billion.


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