Nov 22, 2004. /Lesprom Network/. The Calcutta High Court-convened meeting of the Shareholders of ITC Limited took place on the 19th November, 2004 at the Science City, Kolkata, under the Chairmanship of Justice G. N. Ray (Retd.), appointed by the Hon'ble Court, to consider a resolution for the amalgamation of ITC Hotels Limited and Ansal Hotels Limited with ITC Limited. The result of the poll was overwhelmingly in favour of the amalgamation with 99.99 per cent voting in favour of the resolution. ITC is one of India's foremost private sector companies with a market capitalisation of over US $ 6 billion and a turnover of US $ 2.6 billion. Rated among the World's Leading Companies by Forbes magazine, ITC ranks third in pre-tax profit among India's private sector corporations. ITC has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business, Branded Apparel, Packaged Foods & Confectionery, Greeting Cards and other FMCG products. While ITC is an outstanding market leader in its traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports, it is rapidly gaining market share even in its nascent businesses of Branded Apparel, Greeting Cards and Packaged Foods & Confectionery.