ITC Ltd
NSE:ITC
ITC's latest stock split occurred on Jul 1, 2016
The company executed a 3-for-2 stock split, meaning that for every 2 shares held, investors received 3 new shares.
Before the split, ITC traded at 368.4 per share. Afterward, the share price was about 203.33.
The adjusted shares began trading on Jul 1, 2016. This was ITC's 6th stock split, following the previous one in Aug 3, 2010.
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ITC Ltd
Glance View
In the bustling and ever-evolving landscape of India's corporate giants, ITC Ltd. stands out as a multifaceted powerhouse. Born in 1910 as the Imperial Tobacco Company of India Limited, the company has evolved far beyond its original roots in tobacco. Today, ITC is ubiquitous in various domains, from fast-moving consumer goods (FMCG) to hospitality, paperboards, and agribusiness, weaving a tapestry of diverse operations. With its FMCG segment encompassing a vast range of products, ITC has successfully tapped into the daily lives of millions through brands like Aashirvaad, Sunfeast, and Yippee, to name a few. Each product line caters to different consumer needs, ensuring steady revenue streams. Not just a manufacturer, ITC is a strategic marketer, leveraging its deep understanding of local tastes and preferences to carve out significant market shares across its divisions. Underpinning ITC's market success is its unique synergy of businesses, which helps create a diversified yet integrated business model. The agribusiness sector, for instance, supplies raw materials not just for its own needs, such as in paper and packaging, but also distributes them across global markets. Meanwhile, its hospitality division, ITC Hotels, is synonymous with luxury, offering curated experiences rooted in Indian culture. This diversification strategy shields the company against sector-specific downturns, enabling steadiness in profitability. ITC's holistic approach also sees a robust focus on sustainability, with substantial investments in renewable energy, waste management, and social initiatives, which bolster its brand image and operational efficiency. Through this intricate balancing act of diversity and sustainability, ITC Ltd. continues to navigate the complex waters of modern business, making it a formidable entity in the Indian economic landscape.
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