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ITI Limited ( (IN:ITI) ) just unveiled an update.
ITI Limited’s Board of Directors has approved the allotment of equity shares on a preferential basis to the President of India. This decision follows the receipt of a capital expenditure of Rs. 59 Crore, in accordance with a BIFR Order from 2013, potentially strengthening the company’s financial position and operational capabilities.
More about ITI Limited
ITI Limited is a government-owned enterprise in India, operating in the telecommunications industry. The company is involved in manufacturing and providing a range of telecom products and services, with a focus on catering to the needs of both domestic and international markets.
Average Trading Volume: 103,876
Technical Sentiment Signal: Strong Buy
Current Market Cap: 282.2B INR
For a thorough assessment of ITI stock, go to TipRanks’ Stock Analysis page.