ITC has today entered into definitive agreements to acquire further 2,286 equity shares of Rs 10/- each of Delectable Technologies (Delectable), an associate company, subject to completion of agreed conditions precedent. The said shares, once acquired, will take the Company's shareholding in Delectable from 33.42% to 39.32% (on a fully diluted basis).
Delectable is engaged, inter alia, in fabricating vending machines and app based sale of FMCG products through such machines primarily installed across office locations.