ITC increases its stake in Delectable Technologies to 33.42%

The total shares of the company moves to a total 33.42 per cent of its share captial on a fully diluted basis.

FPJ Web DeskUpdated: Wednesday, December 07, 2022, 03:58 PM IST
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ITC increases its stake in Delectable Technologies to 33.42% | PTI

ITC Limited, in a exchange filing, announced that it acquired 1,967 Compusorily Convertible Preference Shares of Delectables for Rs 10 each in Delectable Technologies, a company that runs the Azgo app and vending machines.

The total shares of the company moves to a total 33.42 per cent of its share captial on a fully diluted basis.

After the third round ITC had a total of 27.34 per cent shares. Three years ago, ITC had agreed to acquire stakes of up to 33.42 per cent and pay up to Rs 7.50 crore in four trenches.

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