Greenacre is a wholly-owned subsidiary of Russell Credit Limited which, in turn, is a wholly owned subsidiary of ITC Limited.
ITC Ltd has announced that the scheme of amalgamation of Classic Infrastructure & Development Limited, a wholly-owned subsidiary of Greenacre Holdings Limited (Greenacre), with Greenacre became effective from April 05, 2016.
Greenacre is a wholly-owned subsidiary of Russell Credit Limited which, in turn, is a wholly owned subsidiary of ITC Limited. Consequently, Classic Infrastructure & Development Limited has ceased to be a subsidiary of Greenacre and that of ITC Limited with effect from the said date.
ITC Ltd is currently trading at Rs. 321.8, down by Rs. 4.3 or 1.32% from its previous closing of Rs. 326.1 on the BSE.
The scrip opened at Rs. 328.4 and has touched a high and low of Rs. 328.4 and Rs. 320.45 respectively. So far 1667727(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 262419.42 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 359.75 on 26-Oct-2015 and a 52 week low of Rs. 268 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 336.75 and Rs. 324.25 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.93 % and 43.82 % respectively.
The stock is currently trading above its 200 DMA.
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