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ITC DEMERGER
ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrongKotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerag...- Stocks in news: Bharti Airtel, Happiest Minds Technologies, PVR INOX, Milky Mist Dairy and Mankind PharmaIndian equity markets ended lower on August 31, responding to prevailing global economic dynamics. A modest decline in the Nifty50 index br...
- ₹49 lakh crore market-cap wipeout! Are Nifty’s fallen giants bargains or value traps?India's leading stocks have witnessed a staggering loss of forty-nine lakh crore rupees in total market capitalization. A significant decli...
- Stocks in news: Maruti Suzuki, ITC, Vedanta, Swiggy, RILIndian markets traded in a narrow range, settling marginally higher with mixed cues. Maruti Suzuki, ITC, and Vedanta shares are in focus du...
- IHCL, IPO-bound Prism among top 10 cos in Hurun list; OYO parent doubles valuation to Rs 67,200 crPrism and Indian Hotels Company are top hospitality firms on the 2026 Hurun India Real Estate list. Prism's valuation surged 107 percent, r...
- NFO Insight: Can the NJ Momentum Fund help investors capture market momentum?NJ Mutual Fund has launched the NJ Momentum Fund, an NFO that seeks to capture strong price trends through a rules-based momentum strategy ...
- JioBlackRock Flexi Cap Fund exits Vedanta group companies after demerger, sells 8 more stocksJioBlackRock Flexi Cap Fund exited Vedanta group companies following the demerger of the entities in June, according to monthly portfolio d...
- ITC Hotels demerger done as ITC share price adjusts in special sessionITC Hotels Demerger: Stock exchanges BSE and NSE conducted a special pre-open trading session for ITC shares to facilitate price discovery ...
- ITC Hotels demerger comes into effect tomorrow. What's in it for shareholders?The demerger of ITC Hotels will be effective from January 1. ITC shareholders on the record date of January 6 will receive one share of ITC...
- ITC Hotels Demerger: Record date announcedITC Ltd. has finalized January 6, 2025, as the record date for the demerger of its hotels business, ITC Hotels Limited. The demerger, effec...
- ITC Hotels demerger to come into effect from January 1, 2025Kolkata-based diversified conglomerate ITC announced on Tuesday that the demerger of ITC Hotels will take effect from January 1, 2025, as a...
- ITC shares rise over 2% as NCLT approves demerger of hotel businessITC Share Price: Shares of ITC rose 2.2% to Rs 514.8 after the NCLT approved the demerger of its hotel business. The Kolkata bench of the N...
- ITC shareholders approve demerger of ITC Hotels with 99.6% majorityAt a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business...
- ITC hotel demerger plan gets competition watchdog's approvalThe Competition Commission of India (CCI) has approved the demerger of ITC Ltd's hotel business into a separate entity, ITC Hotels Ltd. The...
- ITC Demerger: IiAS advises shareholders to vote against splitting of hotels businessIiAS does not see any substantial value unlocking for ITC’s hotel business and thus recommends shareholders to vote against the proposed de...
- ITC to seek shareholder approval on June 6 for hotels biz demergerAs part of the demerger, which will unlock value for its 36 lakh shareholders and also improve the capital allocation of the parent company...
- ITC clarifies it won't buy stake in hotels if BAT wants an exit after demergerThe world's largest tobacco company, British American Tobacco (BAT) which owns 29% stake in ITC, would end up owning about 17.4% stake in I...
- Proposed demerger of the hotel business will improve the financial return ratios of ITC Ltd, says ITC chairmanITC's demerger of its hotels business into a new entity will help improve the conglomerate's financial ratios through reinforced capital al...
- ITC hotels demerger to unlock value for 30 lakh shareholders. But what disappointed investors?After rallying over 40% in the last 6 months, ITC shares ended about 4% lower at Rs 470.90 on BSE after the FMCG major announced that it'll...
- ITC board gives in-principle nod for demerger of hotels businessITC's board has given an in-principle nod for the demerger of its hotels business. ITC currently has over 120 hotels and 11,600 keys across...
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