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ITC Ltd.

BSE: 500875 Sector: Consumer
NSE: ITC ISIN Code: INE154A01025
BSE 00:00 | 24 Apr ITC Ltd
NSE 05:30 | 01 Jan ITC Ltd

Reply To News Clarification

April 2, 2020, 10:09 am | Source: BSE

Reference is made to your e-mail dated 1st April 2020 with respect to a news item which appeared on www.moneycontrol.com captioned ITC looks to add spice maker Sunrise Foods to its menu.

We write to advise that the Company as part of its business strategy is always exploring inorganic growth opportunities and enquiries received from the market participants are suitably evaluated. With respect to the captioned news item we would like to inform that the Company has not entered into any exclusivity agreement for acquisition of Sunrise Foods Private Limited.

While on the subject we draw your attention that if and when there is any material development with respect to the affairs of the Company the Stock Exchanges are kept advised pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with the Companys Policy for determination of materiality of events and information for disclosure to the Stock Exchanges.