ITC allots employee-option shares. ITC Limited stock sits 38.32 percent below its high

Published on 10/16/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ITC allotted employee-option shares on October 15, 2026. ITC Limited stock stood 38.32 percent below its 52-week high on October 16, 2026.

Corporate actions shape valuation

ITC announced an employee-option share allotment on October 15, 2026.
Fiscal year 2026 gross revenue reached INR 808.67 billion and EBITDA reached INR 252.08 billion.
ITC's market capitalization was INR 3.3 trillion on October 16, 2026.

ITC, INE154A01025, Illustration mit AI erstellt.

ITC Limited (ISIN INE154A01025) announced an allotment of shares under its employee stock option schemes on October 15, 2026, according to The Economic Times. ITC was last at INR 263.00 on the NSE on October 16, 2026 at 1:39 p.m. IST, while its 52-week range was INR 253.15 to INR 426.40.

Corporate actions set the context

The latest allotment follows a series of ownership and portfolio developments. ITC announced the acquisition of shares in Sproutlife Foods Private Limited on September 28, 2026, according to ITC. A company update also reported gross revenue of INR 808.67 billion and EBITDA of INR 252.08 billion for fiscal year 2026.

What does the stake sale change?

Investor attention had already shifted toward ownership changes after GQG-linked funds sold ITC shares worth INR 93.95 billion on October 8, 2026, as reported by The Economic Times. The transaction placed the stock under pressure while the company continued to add exposure to consumer brands through Sproutlife Foods.

Three dated corporate steps

On September 28, 2026, ITC disclosed the Sproutlife Foods share acquisition and reported 100 percent ownership after completing the transaction. On October 8, 2026, the GQG-linked block deal was valued at INR 93.95 billion. On October 15, 2026, ITC announced the employee-option allotment, following a paid-up share capital of INR 12.53 billion reported as of October 9, 2026.

Which dates shape the next step?

The September 30, 2026 quarter-end is the relevant reporting period for the next earnings update, while October 15, 2026 marks the latest dated share-allotment announcement. The company also reported 1,253.05 million ordinary shares as of October 9, 2026, giving investors a concrete reference for future capital changes.

Valuation stays below the yearly high

At INR 263.00, ITC stood 38.32 percent below its 52-week high of INR 426.40 on October 16, 2026. Its market capitalization was INR 3.3 trillion on the same date. The combination of corporate actions, a large block transaction and the companys fiscal year 2026 revenue base leaves portfolio expansion and earnings execution as the central valuation questions.