ITC Infotech incorporates step-down subsidiary in Brazil

13 Oct 2022 , 09:19 AM

ITC Limited has informed to the exchanges regarding incorporation of a new step-down subsidiary.

As per the regulatory filing, ITC Infotech India Limited (‘I3L’), a wholly owned subsidiary (‘WOS’) announced that they have incorporated a WOS in Brazil under the name of ‘ITC Infotech Do Brasil LTDA.’ on October 10, 2022.

The registration certificate evidencing incorporation of the said subsidiary has been received by I3L on October 12, 2022, the company said on Wednesday.

At around 9:19 AM, ITC Ltd is currently trading at Rs329.85 per share down by Rs0.3 or 0.09% from its previous closing of Rs330.15 per share on the BSE.

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