ITC announces 1:1 centenary bonus

ITC will complete a 100 years in August. Acknowledging the unstinted support of shareholders, the Board of Directors proposed a centenary issue of Bonus shares in the ratio of 1:1, subject to shareholders’ approval at the Annual General Meeting scheduled for 23rd July. ITC has evolved into a multi-business conglomerate and is today the leading FMCG marketer in India, the second largest hotel chain, the clear market leader in the Indian Paperboard & Packaging industry and the country’s foremost Agri-business player. Additionally, its wholly owned subsidiary is one of India’s fastest growing IT companies in the mid-tier segment.

Over the last 15 years, ITC has created multiple drivers of growth by developing a portfolio of world-class businesses. During this period, the company’s post-tax profits recorded an impressive compound growth of 21.7% per annum respectively. Total Shareholder Returns, measured in terms of increase in market capitalisation and dividends, grew at a compound rate of 24.3% during this period, placing the company amongst the foremost in the country in terms of efficiency of servicing financial capital. ITC today is one of India’s most admired and valuable corporations with a market capitalisation in excess of Rs100,000 crores.