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Updates

| Updated on December 07, 2015 Published on December 07, 2015

ITC Ltd has informed BSE that Greenacre Holdings Limited (GHL) has acquired 87.06% of the equity share capital of Classic Infrastructure & Development Limited [CIDL - an associate of Russell Credit Limited (RCL)], at an aggregate consideration of Rs. 11.38 crores. GHL is a wholly owned subsidiary of RCL, which a wholly owned subsidiary of ITC Limited (ITC).

CIDL having become a wholly owned subsidiary of GHL and also of RCL, has also become a wholly owned subsidiary of ITC with effect from December 07, 2015.

CIDL is engaged in the business of property maintenance & management and its Networth as on March 31, 2015 and Profit after Tax for the year ended on that date are Rs. 8.44 crores and Rs. 20.16 lakhs, respectively.

Source : BSE - >www.bseindia.com

Published on December 07, 2015
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