Business

'Shareholders OK plans to enter healthcare'

PTI

 Having diversified into FMCG and other businesses, tobacco giant ITC on Friday got shareholders’ nod to enter the healthcare sector and plans to set up multi- specialty hospitals across the country. The company had sought approval from its shareholders to alter Memorandum of Association of the company to include ‘Healthcare’ through a special resolution on January 27. The resolution has been passed by the members ‘by requisite majority’,  ITC said in a regulatory filing. In January, ITC said that its board of directors had recommended seeking shareholders' approval for the alteration of the objects of the clause of its MoA. The Kolkata-based firm, for which tobacco still accounts for big chunk of the revenue, plans to set up multi-specialty hospitals and leverage its experience in hospitality for tapping into the expanding medical tourism segment in India.