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How will ITC Hotels Ltd's demerger affect shareholders?
Who owns ITC Hotels?
Does ITC hold a share in ITC Hotels?
Will ITC merge its hotels business into a separate subsidiary?
Aug 14, 2023 · Under the demerger plan, shareholders of ITC will get 1 share in the demerged hotels business for every 10 shares held in the parent company.
- ITC hotels demerger to unlock value for 30 lakh shareholders ...
After rallying over 40% in the last 6 months, ITC shares...
- ITC hotels demerger to unlock value for 30 lakh shareholders ...
Jun 6, 2024 · Under the ITC demerger plan, ITC shareholders will get equity shares of the new company -- ITC Hotels. ITC shareholders will get one share of ITC Hotels for every 10 shares held in the parent company (ITC Limited).
- Abhinav Ranjan
Jul 27, 2024 · For every 10 shares held in ITC Ltd, shareholders would be entitled to receive 1 share of ITC Hotels Ltd. ITC had earlier stated that 100 per cent of the new hotel business will remain under shareholders of ITC.
ITC demerger record date 2024: For every 10 shares held in ITC Ltd, shareholders would be entitled to receive 1 share of ITC Hotels Ltd. ITC had earlier stated that 100 per cent of the new hotel...
Jun 6, 2024 · Under the plan, the existing ITC shareholders will receive one share of ITC Hotels for every 10 shares of ITC. After the demerger, the shareholders will directly own 60 per cent of the new company, with ITC holding the rest.
Jul 24, 2023 · 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 hive off the hotels business into a new subsidiary.
May 29, 2024 · The demerger, which was approved by the ITC board in August 2023, will allow its shareholders to receive one share in the new hotel entity for every ten shares they hold in ITC.
