ITC Ltd in green after acquiring cloud service provider

Shares of ITC Ltd, a leader in India's Paperboard and Packaging sector, rose by 1.3% following its subsidiary's acquisition of Blazeclan Technologies Pvt Ltd for ₹ 485 crore. The deal, expected to conclude in 6 to 8 weeks, enhances ITC Infotech's cloud capabilities, facilitating clients' digital transformation.