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ITC hotel demerger

ITC Hotels Demerger: Rs 1,500 crore to be transferred to ITC for growth & contingency requirements

ITC Hotels Demerger: Rs 1,500 crore to be transferred to ITC for growth & contingency requirements

Tue, Dec 31, 2024

ITC Hotels will issue equity shares directly to the shareholders of ITC in a manner that about 60 per cent stake is held directly by ITC shareholders proportionate to their shareholding in ITC and the remaining about 40 per cent stake will continue with ITC.

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