ITC LTD. - Clarifies on News Item

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14 Jul 2014
With reference to the news item appearing in a leading financial daily titled "ITC Hotels may Check into Ramada Caravela for Rs. 700 Cr.", ITC Ltd has Clarified to BSE as under:<br/><br/>"The captioned news item is speculative in nature.<br/><br/>We would advise that the Company routinely scans strategic opportunities for business growth. This process Involves dialogues from time to time with relevant parties across the country for different businesses. As and when there is conclusive development of a substantive nature, the Company keeps the Stock Exchanges Informed in terms of the Listing Agreement. However, as a matter of best practice, we do not respond to market rumours.<br/><br/>As regards your query with respect to movement In the share price of the Company from Rs. 346.05 to Rs. 349.19 In the morning today, we would advise that we are not aware of any Information which could have led to such movement."
View all announcements for ITC LTD.	Source: BSE India

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