ITC mulls foraying into healthcare space
New Delhi: Diversified conglomerate ITC will foray into the healthcare sector as it gears up to meet its ambition to be India's most valuable corporations.
While the company has not spelt out the specific details, it plans to seek shareholders' approval for venturing into the healthcare sector.
The board of directors of the company at its meeting held on Thursday recommended seeking approval from its shareholders for an alteration of the objects of the clause of its Memorandum of Association to include 'Healthcare', ITC said in a regulatory filing.
It further said the approval from the shareholders would be taken by means of postal ballot and e-voting.
The Kolkata-based firm is striving to position itself as one of India's most valuable corporations "through world class performance, creating growing value for the Indian economy and the company's stakeholders".
For its FMCG business, the company has set an ambitious target of Rs 1 lakh crore revenue from this segment by 2030 and it is looking to create "world-class Indian brands" by leveraging on its enterprise strengths.
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