ITC Hotels Demerger : In August 2023, FMCG behemoth ITC revealed intentions to spin off its hotel division into a separate company. Under the proposal, ITC will maintain 40% ownership of ITC Hotels, with the remaining 60% given to ITC shareholders based on their holdings. ITC shares traded ex- demerger after splitting its hotel business into ITC Hotels, unlocking shareholder value. Analysts expect ITC Hotels listing by February 2025, citing benefits like operational focus, higher dividends, improved growth metrics, and strategic investor alignment for both entities. ITC Hotels Stocks, ITC Hotels demerger share price updates 6 Jan 2025: ITC shares in focus. ITC Hotels Ltd. will be demerged from ITC Ltd., with the record date for the company for demerger and ... ITC Hotels demerger ratio is 1:10, which means 1 share of ITC Hotels for every 10 shares of ITC Ltd. ITC shareholders whose names will appear in the company’s books as on January 6 record date ...
