ITC Limited (NSEI:ITC) agreed to acquire a 10.07% stake in Blupin Technologies Private Limited for approximately INR 390 million on April 20, 2022. The consideration will be paid in cash. The transaction is expected to be completed within 45 days from the date of execution of the Agreements. The transaction is subject to completion of conditions precedent. As of fiscal year ended 2020-21, Blupin Technologies Private Limited reported total revenue of INR 13.9 million.

ITC Limited (NSEI:ITC) completed the acquisition of 10.07% stake in Blupin Technologies Private Limited on May 28, 2022.