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ITC DEMERGER PLAN
ITC betting big on tech, FMCG growth and hotel expansion; planning ₹20,000 crore capex: Sanjiv PuriITC Limited is prioritizing technology-led transformation, new business creation, and aggressive expansion across segments, including a sig...
ITC Hotels shares to list on Wednesday. Here's what to expectShares of ITC Hotels, the demerged hospitality unit of ITC Ltd, will list on January 29. Shareholders receive one ITC Hotels share for ever...
ITC shares in focus as ITC Hotels set to list on stock exchanges tomorrowITC shares: ITC Hotels will be listed on stock exchanges on January 29, following its demerger from ITC. The move aims to attract investors...
ITC Hotels shares to be listed on stock exchanges on January 29ITC announced in a regulatory filing that ITCHL has received approval from the National Stock Exchange of India Limited and BSE Limited for...
ITC to transfer Rs 1,500 crore to its demerged hotel unitITC Ltd will transfer Rs 1500 crore cash to its demerged hotel business, ITC Hotels, for growth and contingencies. ITC Hotels will receive ...
EIH shares in focus after ITC acquires 2.44% stakeShares of luxury hospitality company EIH Limited will be in focus on Thursday after ITC acquired a 2.44% stake in the company, representing...
ITC acquires 2.44% stake in EIH and 0.53% in Leela MumbaiEIH, the flagship company of The Oberoi Group, holds a 2.44% stake, amounting to over 1.5 crore equity shares. Meanwhile, HLV, closely asso...
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...
Up to 450% gain in m-cap! Demerged cos unlock big gains for investorsInvestors have benefited significantly from companies that underwent demergers in the past year, with market values increasing by up to 450...
ITC Hotels to have a net worth of Rs 10,000 crore and debt-free balance sheetAs of March 2024, ITC Hotels' capital structure stood at approximately Rs 207.85 crore. However, this figure may see slight adjustments on ...
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...
BAT unlikely to bat on the board of ITC's hotels bizITC's hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will o...
ITC Hotels share price could go above Rs 100 after listing. Here's the mathAs part of the demerger plan, which will not only unlock value for its 36 lakh shareholders but also improve capital allocation of the pare...
ITC Hotels Demerger: Shareholders to get 1 share of ITC Hotels for every 10 shares of parent coAfter the demerger is completed following approval from shareholders, creditors, stock exchanges, Sebi, NCLT and other regulatory authoriti...
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...
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 Hotels plans to launch over 20 properties in two years, says divisional chief executive Anil ChadhaHe said ITC Hotels is also evaluating its overseas expansion and considering the Middle East market. "We are trying to see how we make an e...