ITC Demerger of Hotel Business Announced | ITC Share Price Tanks | Business News Today
Автор: NEWS9 Live
Загружено: 2023-07-25
Просмотров: 264
Описание:
#itc #itcdemerger #itchotels #businessnews #businessnewsinenglish
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.
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