ITC has acquired the entire share capital (comprising 4,20,60,166 equity shares of Rs 10/- each) of Greenacre Holdings (GHL), an unlisted company, from Russell Credit, a wholly owned subsidiary (WOS) of the Company. Consequently, GHL has become a direct WOS of the Company. The acquisition forms part of a restructuring within the group.
GHL is engaged in property infrastructure maintenance, and providing engineering, procurement, construction management and project management consultancy services.
Source: Business-Standard