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ITC has exited its lifestyle retailing business.

ITC has exited its lifestyle retailing business. The decision was made after a strategic review of its business portfolio. In June this year, ITC’s chairman hinted at key changes in the lifestyle retailing business. In the company’s annual report, Sanjiv Puri had said that ITC has restructured the business during the year. On Monday, ITC shares witnessed positive sentiments and even touched a new 52-week high after its June 2022 quarterly financial performance.
On BSE, ITC shares closed at ₹309.65 apiece up by 0.68%. The company touched a new 52-week high of ₹316.65 apiece during the trading hours. The company’s market cap is around ₹3,83,194.52 crore.

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