ITC acquires entire 96.82% shareholding in Wimco

KOLKATA: ITC has acquired the entire 96.82% shareholding in safety match maker Wimco from its wholly-owned subsidiary Russell Credit, the company told the Bombay Stock Exchange (BSE) on Saturday.

As a result, Wimco has become a direct subsidiary of ITC with effect from September 29 by virtue of this transfer of ownership, the notice said. The company did not disclose the size of the transaction.