ITC LTD Acquires Entire Share Capital of Greenacre Holdings Limited for ₹ 42.10 Crores

ITC LTD, a leading Indian company, has announced the acquisition of the entire share capital of Greenacre Holdings Limited (GHL), an unlisted company, from Russell Credit Limited (RCL), a wholly owned subsidiary of ITC LTD. The acquisition was carried out at book value and did not occur on an arm's length basis. GHL is engaged in property infrastructure maintenance and provides engineering, procurement, construction management, and project management consultancy services. The acquisition was completed on 29th November, 2024, for a total consideration of ₹ 42.10 crores. GHL has become a direct wholly owned subsidiary of ITC LTD as a result of this acquisition.