Acquisitions19 Dec 2024, 02:10 pm
ITC Limited Acquires 16.13% Stake in EIH Limited Through Off-Market Inter-Se Transfer
AI Summary
ITC Limited, a renowned Indian conglomerate, has acquired a 16.13% stake in EIH Limited, a Kolkata-based hospitality company. The acquisition was made through an off-market inter-se transfer of equity shares between ITC and its wholly owned subsidiary, Russell Credit Limited (RCL). The total diluted share voting capital of EIH Limited stands at 62,53,64,182 Equity Shares of Rs. 2/- each, both before and after the acquisition.
Key Highlights
- ITC Limited acquires 16.13% stake in EIH Limited
- Acquisition made through off-market inter-se transfer
- Transfer between ITC and its wholly owned subsidiary, Russell Credit Limited
- EIH Limited's total voting capital remains unchanged at 62,53,64,182 Equity Shares of Rs. 2/- each
- The acquisition is in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011