Bay Islands Hotels Limited is a 100% subsidiary of ITC Limited. The Company owns the hotel "Fortune Resort Bay Island" at Port Blair which is licensed to ITC Limited and is operated by Fortune Park Hotels Limited under an Operating & Marketing Services Agreement.

 
Gold Flake Corporation Limited

Gold Flake Corporation Limited is wholly owned subsidiary of ITC Limited. The Company's nature of business is specific to general trading.

ITC Filtrona Limited is a 50% joint venture of Gold Flake Corporation Limited with Cigarette Components Limited, U.K.

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