Remote chances of ITC becoming a takeover target

Rajesh Jain, Market Strategist


How likely is it, is that ITC itself at some point starts becoming a takeover target?

Rajesh Jain: Interesting possibility except that you have BAT as a huge stakeholder in ITC and the cigarette business comes under heavy government microscopic observation, so to that extent it is a pariah for a large number of corporate groups and finally ITC has endeared itself to its shareholders and the kind of diversifications it has undertaken, particularly under Mr. Yogi Deveshwar have started to yield good results. ITC is clearly working to a very strong business blue print, which will give great returns over the next 10-year period, so whether an ITC could get taken over by Reliance? Certainly a question, which cannot be ruled out but it looks distinctly remote at this point.