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ITC Ltd in green after acquiring cloud service provider
short by Trade Brains Editor / on Friday, 19 April, 2024
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, facilitatingclients' digital transformation.
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