
Merger1 Sept 2026, 04:50 pm
ITC Ltd: ITC Infotech amalgamates subsidiaries Blazeclan and Cloudlytics
AI Summary
ITC Ltd announced that its wholly-owned subsidiary, ITC Infotech India Limited, has successfully completed the amalgamation of its step-down wholly-owned subsidiaries, Blazeclan Technologies Private Limited (BTPL) and Cloudlytics Technologies Private Limited (CTPL). The Scheme of Amalgamation has been sanctioned by the National Company Law Tribunal, Kolkata and Mumbai Benches, and became effective on September 1, 2026. The appointed date for the amalgamation is October 1, 2024. Consequently, BTPL and CTPL have been dissolved without winding up and are no longer subsidiaries of ITC Ltd, effective September 1, 2026.
Key Highlights
- ITC Infotech India Limited has amalgamated two step-down subsidiaries.
- The amalgamation scheme became effective on September 1, 2026.
- Blazeclan Technologies and Cloudlytics Technologies are now dissolved.
- The appointed date for the scheme was October 1, 2024.
Price Impact
More from ITC