ITC announces Centenary Bonus Share Issue of 1:1
June 18, 2010
ITC will complete a 100 years in August 2010. Acknowledging the unstinted support of shareholders who have steadfastly stood by the Company through this inspiring voyage of growth and transformation, the Board of Directors today 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 2010 (
Company's communication to the Stock Exchanges is enclosed).
ITC has evolved into a multi-business conglomerate and is today the leading FMCG marketeer in India, the second largest Hotel chain, the clear market leader in the Indian Paperboard and Packaging industry and the country's foremost Agri-business player. Additionally, its wholly owned subsidiary is one of India's fastest growing Information Technology companies in the mid-tier segment.
Over the last fifteen 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 Rs.1,00,000 crores.
ITC's vision and commitment to sub-serve larger societal goals has enabled it to achieve a global distinction of being the only company in the world of its size to be carbon positive, water positive and waste recycling positive. Its businesses have generated sustainable livelihoods for over 5 million people.
