ITC plans to expand its hotel business internationally, beginning with neighbouring countries and West Asia, its Chairman and ...

ITC plans to expand its hotel business internationally, beginning with neighbouring countries and West Asia, its Chairman and ...

ITC Ltd. announced the demerger of its hotel business, effective January 1, 2025. The move aims to unlock value for ...

Its location affords easy access to the Indira Gandhi International Airport and is 2.5km from the cyber hub of Gurugram.

etc pertaining to hotel business being transferred to ITC Hotels, it added. The new entity will be with 'Zero Debt Balance Sheet" and generate cash to accelerate growth. It is also well positioned to ...

Amnish Aggarwal, Head - Research, Prabhudas Lilladher, says ITC will retain a 40% stake in ITC Hotels, potentially reducing its sum of the parts (SOTP) valuation by Rs 15-17 per share post the ...

ITC Hotels' demerger becomes effective today, January 1. ITC shareholders listed by January 6 receive one ITC Hotels share for every 10 ITC shares owned. The expected share price range for ITC Hotels ...

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ITC is set to demerge its hotel business, effective January 1, 2025. The new entity, ITC Hotels, will be 100% owned by ITC shareholders, with 60% directly held and 40% through ITC. ITC will transfer ...

Shareholders receive ITC Hotels shares, with ITC transferring Rs 1,500 crore for growth. Learn more about the demerger. New Delhi, Dec 31 (PTI) Demerger of ITC's Hotel Business would come into effect ...

The investor presentation shared on December 30 said ITC Hotels would be cumulatively incurring 8-10% of revenue on capital investments such as renovations and on-going projects, along with new ...