Tue, 01 Sept 2026
01:02:59 pm
Rudransh Sangwan
Published at: September 1, 2026, 11:41 AM
Synopsis
ITC is consolidating its technology businesses as BlazeClan and CloudyLytics move into ITC Infotech under a proposed group restructuring.

ITC Limited is merging its subsidiaries BlazeClan and CloudyLytics into ITC Infotech, bringing the group's technology and data analytics operations under one entity. The move will reduce the number of standalone technology subsidiaries within the ITC group.
Both BlazeClan and CloudyLytics are subsidiaries of ITC Limited, while ITC Infotech will be the receiving entity under the amalgamation. The merger will place the operations of both companies within ITC Infotech's existing structure.
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The proposed amalgamation involves two ITC subsidiaries, BlazeClan and CloudyLytics. Both companies will be merged into ITC Infotech as part of the group's move to consolidate its technology focused operations.
| Entity | Role |
|---|---|
| BlazeClan | Subsidiary being merged into ITC Infotech |
| CloudyLytics | Subsidiary being merged into ITC Infotech |
| ITC Infotech | Receiving entity post merger |
The transaction will bring the two businesses under ITC Infotech instead of maintaining them as separate technology entities within the group. The supplied information does not provide details on the financial terms or the expected completion date of the amalgamation.
The merger will streamline ITC's technology subsidiary structure by bringing BlazeClan and CloudyLytics into ITC Infotech. This gives the group a single subsidiary structure for these technology and data analytics operations.
For ITC shareholders, the development adds to the company's technology business structure, although the supplied information does not provide details on the financial impact of the merger or any change to ITC's consolidated earnings.
ITC shares closed at around ₹266 on September 1, 2026, according to the supplied market data. The stock's one day return was +4.34%, while its five day return stood at 1.15% negative.
The stock's six month return was 14.99% negative, while the one year return was 34.94% negative. Over five years, ITC shares recorded a positive return of 33.37%.
| Metric | Value |
|---|---|
| Market cap | ₹3,32,879 crore |
| Current price | ₹266 |
| High / Low | ₹427 / ₹256 |
| Stock P/E | 16.9 |
| Book value | ₹57.9 |
| Dividend yield | 5.44% |
| ROCE | 38.9% |
| ROE | 29.3% |
| Face value | ₹1 |
| Period | Return |
|---|---|
| 1 Day | +4.34% |
| 5 Days | 1.15% |
| 1 Month | 5.12% |
| 6 Months | 14.99% |
| 1 Year | 34.94% |
| 5 Years | +33.37% |
ITC is merging BlazeClan Technologies and CloudyLytics Technologies into ITC Infotech. The merger became effective on September 1, 2026.
ITC is bringing its technology businesses under ITC Infotech. This will create a more consolidated technology subsidiary structure.
BlazeClan Technologies has been merged into ITC Infotech and dissolved without winding up. It will no longer operate as a separate ITC subsidiary.
CloudyLytics Technologies has been merged into ITC Infotech and dissolved without winding up as a separate company.
No. BlazeClan Technologies has been merged into ITC Infotech and is no longer a separate subsidiary.
No. CloudyLytics Technologies has been merged into ITC Infotech and is no longer a separate subsidiary.
ITC Infotech is the receiving company. BlazeClan and CloudyLytics have been brought into its corporate structure.
The ITC Infotech merger with BlazeClan and CloudyLytics became effective on September 1, 2026. The appointed date was October 1, 2024.
Yes. ITC Infotech acquired 100% of BlazeClan Technologies before the companies were merged under the amalgamation scheme.
ITC Infotech acquired BlazeClan Technologies for up to ₹485 crore. BlazeClan specialises in cloud services and related technology solutions.
The BlazeClan merger brings its business into ITC Infotech and reduces the number of separate technology entities within the ITC group.
The CloudyLytics merger brings its technology and data analytics operations into ITC Infotech under one corporate structure.
Yes. The ITC BlazeClan CloudyLytics merger became effective on September 1, 2026 following the required approvals.
Their businesses have moved into ITC Infotech, while BlazeClan Technologies and CloudyLytics Technologies have been dissolved under the amalgamation.
The appointed date for the BlazeClan and CloudyLytics merger with ITC Infotech was October 1, 2024.
The merger changes ITC's technology subsidiary structure. The available information does not give a specific estimate of its effect on ITC's earnings or shareholder returns.
No. The BlazeClan and CloudyLytics merger is a separate ITC group restructuring, while the Happiest Minds transaction is a separate proposed deal involving ITC Infotech.

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