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ITC Hotels Demerger: What's the latest update all about?

ITC Hotels Demerger: What's the latest update all about?

Tue, Dec 17, 2024

Kolkata-headquartered cigarettes-to-hotels conglomerate ITC Ltd on Tuesday announced that a planned demerger of its hotels business into a separate company, ITC Hotels Ltd, will take effect from January 1. The conglomerate ITC on Tuesday said all conditions for the demerger are "fulfilled". Under the proposed demerger, ITC Hotels Ltd will issue equity shares directly to the shareholders of ITC to ensure that about 60 per cent stake is held directly by ITC shareholders in proportion to their shareholding in ITC while the remaining 40 per cent will remain with ITC. Read on to know important details about the proposed demerger between ITC Ltd and ITC Hotels Ltd.

FMCG giant ITC announces Jan 1 as the effective date for hotel business demerger

FMCG giant ITC announces Jan 1 as the effective date for hotel business demerger

Tue, Dec 17, 2024

ITC sets January 1, 2025, as the effective date for its hotels demerger, retaining 40% stake to ensure strategic support and future growth.

ITC scales up cultivation of medicinal, aromatic plants

ITC scales up cultivation of medicinal, aromatic plants

Sun, Dec 08, 2024

ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories.

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ITC, PepsiCo, Hershey line up big investments in India

ITC, PepsiCo, Hershey line up big investments in India

Fri, Nov 03, 2017

Domestic and global firms, including ITC, Pepsico and Hershey, today announced plans to invest billions of dollars in India's food and agri sector as they look to tap one of the world's fastest growing economies.

LIC must pare ITC, L&T stakes to below 15% by Dec 2018: Irdai

LIC must pare ITC, L&T stakes to below 15% by Dec 2018: Irdai

Tue, Aug 08, 2017

These two are considered as non-strategic investments for LIC. While LIC holds 16.29% stake in ITC, it holds 17.97% stake in L&T as of end June.

How pre-GST sales dented FMCG cos’ profit in Q1 FY18

How pre-GST sales dented FMCG cos’ profit in Q1 FY18

Mon, Aug 07, 2017

These companies were impacted by the rollout of GST on July 1 and the destocking by pre-GST sales before the conclusion of the first quarter of FY18.

Vote against ITC's decision to pay Yogesh Deveshwar, IiAS tells shareholders

Vote against ITC's decision to pay Yogesh Deveshwar, IiAS tells shareholders

Thu, Jul 06, 2017

ITC has decided to pay a renumeration to the non-executive chairman Yogesh Deveshwar despite him stepping down as the CEO and handing over the reins to Sanjiv Puri.

GST helps ITC enter the 'Rs 4-lakh crore market cap' club

GST helps ITC enter the 'Rs 4-lakh crore market cap' club

Tue, Jul 04, 2017

ITC Ltd is now has the fourth highest market capitalisation in India, at over Rs 4 lakh crore. Shares of the company rose after clarity on excise duty post Goods and Services Tax roll out.

GST to mask real growth trends in FMCG, says Credit Suisse

GST to mask real growth trends in FMCG, says Credit Suisse

Sat, Jun 17, 2017

Goods and Service Tax (GST) regime sited to come into effect in another two weeks will be a game changer for India in many ways, however analysts say that growth trends comparison will become harder to read.

Five of top 10 companies add Rs 37,214 crore in market cap; ITC, HUL shine

Five of top 10 companies add Rs 37,214 crore in market cap; ITC, HUL shine

Sun, Jun 04, 2017

The combined market valuation of five of the 10 most valued Indian firms rose by Rs 37,214 crore last week, with ITC and HUL emerging as the lead gainers.

Sensex bounces back by 195 points, Nifty rises above 9,600-mark in early trade

Sensex bounces back by 195 points, Nifty rises above 9,600-mark in early trade

Fri, Jun 02, 2017

The key equity indices of Indian markets- Sensex and Nifty- have resumed their record-setting spree and have recovered to fresh lifetime highs in opening trade on Friday on sustained buying amid positive global cues.

Eight of top 10 companies add Rs 93,225 crore in market-cap, ITC shines

Eight of top 10 companies add Rs 93,225 crore in market-cap, ITC shines

Mon, May 29, 2017

Barring SBI and ONGC, rest eight companies, including HDFC Bank and TCS, saw addition to their market capitalisation (m-cap) for the week ended Friday.

FMCG Q4 analysis: Nestle India vs HUL vs ITC vs Britannia India

FMCG Q4 analysis: Nestle India vs HUL vs ITC vs Britannia India

Fri, May 26, 2017

Four listed FMCG and consumer goods major companies, namely Britannia Industries, ITC Ltd, Hindustan Unilever and Nestle India, have announced their financial results.

ITC Q4 preview: Will demonetisation, price hike in cigerattes impact earnings?

ITC Q4 preview: Will demonetisation, price hike in cigerattes impact earnings?

Fri, May 26, 2017

ITC in Q3FY17 reported 5.7% yoy jump in net profit at Rs 2,646.73 crore and while total income from operations grew by 4.7% yoy at Rs 13,569.97 crore.

Earnings, global cues to set trend this week; stocks may see volatility

Earnings, global cues to set trend this week; stocks may see volatility

Sun, May 21, 2017

Indian stock markets this week are likely to witness volatility in the midst of derivatives expiry, global cues alongwith quarterly earnings of blue-chips such as Tata Motors, ITC, and Sun Pharma.

Tata Trusts denies any connection with PIL on tobacco

Tata Trusts denies any connection with PIL on tobacco

Fri, Apr 21, 2017

According to it, the petitioners have filed the plea, as private citizens. The main petitioner is Sumitra Pednekar, wife of the late Satish Pednekar, former Minister of Maharashtra.

SBI is most-valued PSU firm again, beats ONGC

SBI is most-valued PSU firm again, beats ONGC

Thu, Apr 20, 2017

Shares of SBI today rose by 0.25 per cent to close at Rs 284.90, while ONGC ended at Rs 179.45, down 0.22 per cent on BSE.

The ‘Desi’ side of things fade with fruit juices looking at trendy infusions

The ‘Desi’ side of things fade with fruit juices looking at trendy infusions

Tue, Apr 18, 2017

FMCG companies have started marketing fruit juices under more western names, introducing fushions and a mix of new flavours to woo the Indian consumer. This trend was not seen ten years ago and has been introduced to maximise premiums.

PSU insurers gain big from ITC; private players turn 'responsible'

PSU insurers gain big from ITC; private players turn 'responsible'

Sun, Apr 16, 2017

The petition has alleged that the substantial investments made by wholly-owned public sector undertakings in the tobacco industry is in contradiction to the anti-tobacco stance taken by the Government of India on a national as well as on an international level.

What Q4FY17 has in store for FMCG companies?

What Q4FY17 has in store for FMCG companies?

Tue, Apr 11, 2017

We expect ITC’s sales to increase by 1.3% YoY (with a 4% decline in cigarette volumes) and PAT by 8.4% (mainly due to high 36% tax rate in the base quarter).

ITC aims to corner 20% market in packaged fruit juice in 5 years

ITC aims to corner 20% market in packaged fruit juice in 5 years

Mon, Apr 10, 2017

ITC is a late entrant in the packaged juice segment, which is largely dominated by PepsiCo's Tropicana and Real from homegrown FMCG major Dabur.

Use GST to curb illegal cigarette trade, tobacco body says

Use GST to curb illegal cigarette trade, tobacco body says

Thu, Mar 30, 2017

The institute, a body representing interests of legal cigarette makers such as ITC, Godfrey Philips and VST, also said the government must also consider the plight of distressed tobacco farmers.

ITC rallies as GST council caps tax on tobacco and cigarettes

ITC rallies as GST council caps tax on tobacco and cigarettes

Fri, Mar 17, 2017

Motilal Oswal said, "Cap announced on the cess applicable on the 5 commodities under the GST, to bring the GST rates on these commodities closer to the existing ones. The GST progressed further. Some clarity on rates could bring upsides to stocks like ITC."

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