ITC Demerger Explained
2023 • 8min • News • Business
Published On: July 25, 2023 - ITC Hotels Business to undergo Demerger as Board Approval Presentation Scheduled for 14th August. The demerger aims to establish ITC hotels as an independent market-driven entity, unlocking its true value. Upon completion, existing shareholders will receive 60% ownership in the newly formed independent entity. This strategic demerger is expected to enhance opportunities for attracting new investors and partners. As of now, hotels contribute 4% to ITC's overall revenue.