ITC: Amalgamation/Merger
ITC (ITC) filed a disclosure titled "Amalgamation/Merger". The company is valued at about ₹3.34 lakh crore.
What happened
ITC (ITC) filed a disclosure with the exchanges on 2 November 2026 at 06:45 PM titled "Amalgamation/Merger".
From the filing: "The aforesaid Scheme of Amalgamation, which is subject to necessary approvals, will take effect from 1 st April, 2026."
Company snapshot
ITC is a large-cap company in the Fast Moving Consumer Goods sector, with a market value of about ₹3.34 lakh crore.
The stock last traded at ₹266.4, against a 52-week range of ₹252.8–₹421.7 (36.8% below the high).
Before this filing the shares had moved +0.2% over the month and −5.5% over three months. Average daily turnover over the last 20 sessions was about ₹615 crore.
Promoters held 0.00% at the end of Q1 FY27. Foreign institutions owned 34.23% and domestic institutions 49.13%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 23,129 | 5,244.2 | 4.19 |
| Q2 FY26 | 21,256 | 5,126.1 | 4.09 |
| Q3 FY26 | 21,707 | 4,931.2 | 3.94 |
| Q4 FY26 | 23,821 | 5,388 | 4.3 |
| Q1 FY27 | 29,523 | 4,394.1 | 3.51 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 6 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 0.8% on average the next trading day and was down 0.7% on average after five days (3 filings with price data).
Across 84 similar disclosures by other Fast Moving Consumer Goods companies, shares moved +0.3% on average the next day and +0.6% over five days; 45% of them rose the next day.
Market-wide, 2,237 m&a filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 7 Oct 2026 | The Exchange has received the disclosure under Regulation 29(2) of… | −4.4% | −1.9% |
| 28 Sept 2026 | Acquisition of shares of Sproutlife Foods Private Limited | −0.9% | — |
| 1 Aug 2026 | Acquisition Of Pulp And Paper Undertaking Of Aditya Birla Real… | +2.8% | +0.6% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
- 2 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- ITC Q2 results: Net profit likely to see double-digit fall due to subdued cigarette business growth
- ITC Q2 preview: Cigarette biz may drag PAT down up to 28%, say analysts
- ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite
- ITC Hotels Q2 net profit rises 52% to ₹203 crore, revenue up 26%
- ITC Hotels Q2 profit jumps 52% to Rs 203 cro
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.