New Delhi, May 20: Country's largest tobacco maker ITC Ltd has said it has picked up the balance 49.02 per cent shareholding in US-based King Maker Marketing, Inc (KMM) for an undisclosed amount.
KMM -- involved in the making of high quality cigarettes and tobacco -- has now become its wholly-owned subsidiary effective from May 9, 2007, a statement said.
KMM's line of products is exclusively manufactured by ITC Ltd, one of the largest publicly traded companies in India.
With a share of more than 70 per cent in the tobacco market, ITC has substantial business interests in hotels, packaging, specialty papers and paperboards and agribusinesses.
UNI
KMM -- involved in the making of high quality cigarettes and tobacco -- has now become its wholly-owned subsidiary effective from May 9, 2007, a statement said.
KMM's line of products is exclusively manufactured by ITC Ltd, one of the largest publicly traded companies in India.
With a share of more than 70 per cent in the tobacco market, ITC has substantial business interests in hotels, packaging, specialty papers and paperboards and agribusinesses.
UNI
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