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.