Search results
People also ask
What does ITC Hotels demerger mean for shareholders?
Will ITC's demerger benefit minority shareholders?
Does ITC hold a share in ITC Hotels?
Will ITC merge its hotels business into a separate subsidiary?
- Overall, existing ITC shareholders will hold 100% of Hotels Co.; about 60% directly and balance of about 40% through their shareholding in ITC Transaction Overview Proposed Demerger
Aug 14, 2023 · ITC shareholders will directly hold about 60% in ITC Hotels in proportion to their stake in the parent company. The remaining 40% stake will continue with ITC. No cash consideration is payable under the demerger scheme.
Jul 25, 2023 · ITC Lt d has unveiled its decision to demerge its hotel business, sparking interest among shareholders. Post-demerger, ITC will retain a 40% stake in the hotel enterprise, with the...
Aug 17, 2023 · On August 14, 2023, ITC approved the scheme of arrangement between ITC and ITC Hotels Ltd. for the demerger in a swap ratio of 1:10 for shareholders, which is likely to be completed over the next 15 months.
- Chitranjan Kumar
May 28, 2024 · Minority shareholders are expected to benefit from the demerger of ITC’s hotel business into a separate entity, ITC Hotels, as it may unlock value for them and improve return ratios of the FMCG...
Jun 6, 2024 · ITC shares gained over 1 percent to Rs 434 apiece on June 6 after shareholders approved demerger of the conglomerate's hotel business. Around 99.6 percent shareholders voted in favour of demerger...
Jul 26, 2023 · The long-awaited demerger announced by ITC is a well-structured demerger plan that ensures the best interests of its shareholders while providing stability and growth opportunities for the Hotel...
