ITC Ltd ESOP allotments, and the Sproutlife Foods merger.

ITC ITC raised the MRP of its Gold Flake Premium Regular Size Filter Tipped (RSFT) cigarette pack of 10 from ₹125 to ₹135 (an 8% increase), effective in the fourth week of November, which triggered a 1.61% intraday rise in ITC shares to ₹289.10 on November 13. In corporate actions, ITC allotted 7,85,300 ordinary shares (₹1 face value) on November 13 under ESOPs, increasing issued capital to ₹1,253.27 crore; the board also approved a merger of Sproutlife Foods (maker of Yoga Bar, acquired in 2023) into ITC to streamline operations and unlock synergies. The company is also participating in the CITIC CLSA India Forum in Mumbai and Morgan Stanley’s Annual Asia Pacific Summit in Singapore, and its ITC Neocloud Group (formerly ITC Properties Group) appointed Sin Kin Hong Edward as an independent non-executive director effective November 13.