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.
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ITC sets January 1, 2025, as the effective date for its hotels demerger, retaining 40% stake to ensure strategic support and future growth.
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.
Wed, May 04, 2016
Tobacco companies will now have to increase their warning on cigarette packs after the Supreme Court on Wednesday said that they must adhere to a new federal rule.
Tue, Apr 26, 2016
According to news reports, the government is now working on a proposal to completely ban foreign direct investment (FDI) in the tobacco sector.
Sun, Apr 24, 2016
The implementation of government's policy of covering 85% of a cigarette packet with pictorial health warnings will impact the livelihood of 4.6 crore Indians working in the industry and will contribute to the sale of illegal cigarettes, The Tobacco Institute of India said, in an advertisement in
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