In a significant move, Nureca Limited has announced the acquisition of 40,000 shares of ITC Limited, one of India's leading Fast-Moving Consumer Goods (FMCG) companies. As per the guidelines laid out in Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Nureca has disclosed the details of the transaction, which has surpassed the materiality threshold defined under the Listing Regulations and its Company Policy for Determining Materiality of Events.

Details of the Acquisition

Nureca acquired the shares through the open market, at a price of Rs. 1.89 per share, marking the company’s strategic investment in the FMCG sector. The acquisition does not fall under the category of related party transactions, and there are no interests held by promoter groups or related entities in ITC Limited.

About ITC Limited

Founded in 1910, ITC Limited is a diversified conglomerate with a strong presence in the FMCG sector, producing popular brands across categories such as food, personal care, and tobacco. Over the years, ITC has consistently demonstrated strong financial performance, with a turnover of Rs. 70,105.29 Cr in 2024.

The company’s turnover has remained robust with the following performance:

• 2024: Rs. 70,105.29 Cr
• 2023: Rs. 70,251.28 Cr
• 2022: Rs. 59,745.56 Cr

ITC is headquartered in Kolkata, West Bengal, and has a significant presence across India and internationally.

Impact and Objectives of the Acquisition

The acquisition is primarily for investment purposes, with Nureca viewing it as an opportunity to enhance its portfolio and leverage ITC’s growth in the FMCG market. No regulatory approvals were required for this open market acquisition, making the process smooth and timely.

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