ITC Demerger: A New Chapter for ITC Hotels
ITC Limited, one of India's largest conglomerates, has announced the demerger of its hotel business into a separate entity, ITC Hotels. This strategic move, effective from January 1, 2025, marks a significant shift in the company’s structure and operational focus. Shareholding and Financial Details Share Allocation: Post-demerger, ITC Limited shareholders will directly hold a 60% stake in ITC Hotels. The remaining 40% will be retained by ITC Limited. Capital Transfer: To support ITC Hotels’ growth initiatives, ITC Limited will transfer ₹1,500 crore to the new entity, ensuring smooth operations and funding for future expansions. Key Dates for Investors Record Date: January 6, 2025, has been set as the date to determine shareholders eligible for receiving ITC Hotels shares. Listing Timeline: ITC Hotels’ shares are expected to be listed on the stock exchanges within 60 days of receiving approval from the National Company Law Tribunal (NCLT) on December 16, 20...