ITDL Imagetec Ltd. has been merged with its parent company, Indian Toners & Developers Ltd.
INDIAN TONERS & DEVELOPERS LTD. (ITDL) and its' subsidiary – ITDL IMAGETEC LIMITED both were engaged in the same business of manufacturing of compatible toners. In order to consolidate the business of both the companies, ITDL IMAGETEC LIMITED has now been amalgamated with ITDL which would provide a competitive edge to ITDL as it would now be focusing on international as well as the domestic market. The amalgamation shall also add to the financial strength of ITDL. It will also result in maximizing overall value of all the stakeholders and will improve the competitive position of the combined entity. It will also achieve greater efficiencies in operations with optimum utilization of resources and better administration. After the amalgamation, both the companies are henceforth known by a single combined entity namely INDIAN TONERS & DEVELOPERS LTD. (ITDL)