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Source: Live Mint New Delhi, Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, on Wednesday slipped up to 5 per cent in its debut on the stock exchanges. The stock listed at ₹188 apiece on the BSE, while on the NSE it began the trade at ₹180. It declined…
Source: Live Mint ITC Demerger: Indian conglomerate ITC shares finally traded ex-demerger on Monday, January 6, reflecting the separation of the hotel business. The company had set January 1, 2025, as the effective date for the demerger of its hotel business, marking a significant strategic move to unlock shareholders, with the record date set today,…
Source: Live Mint ITC, a leading multi-industry conglomerate, has garnered significant attention following its announcement to demerge its hotel business, set to take effect on January 1, 2025. The decision, made public on December 17, 2024, has stirred the market, especially after receiving strong shareholder support earlier this year. As ITC prepares for this major…
Source: Live Mint The hotels’ publicly-listed universe is set to expand with the potential debut of four new companies, aiming to capitalise on the strong outlook for the hotel industry, according to a recent note by Jefferies. The upcoming IPOs of Schloss Bangalore, Ventive Hospitality, and Brigade Hotels aim to raise around ₹8,000 crore collectively,…
