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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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Apple files appeal after Biden administration allows US ban on watch imports

Apple files appeal after Biden administration allows US ban on watch imports

Wed, Dec 27, 2023

The tech giant also filed an emergency request on Tuesday for the U.S. Court of Appeals for the Federal Circuit to halt the ban.

US trade tribunal rejects delay on import ban in Apple-Masimo dispute

US trade tribunal rejects delay on import ban in Apple-Masimo dispute

Thu, Dec 21, 2023

Masimo won an ITC patent case over technology that enables the blood oxygen feature on some of Apple's smartwatches.

Apple to stop selling Watch Series 9, Ultra 2 in US over patent dispute

Apple to stop selling Watch Series 9, Ultra 2 in US over patent dispute

Tue, Dec 19, 2023

Apple is also working on software changes to how the Watch measures and reports oxygen saturation.

ITC's Potential Unlocking: Insights on Accelerating Growth & Targets, A Deep Dive with Anil Singhvi

ITC's Potential Unlocking: Insights on Accelerating Growth & Targets, A Deep Dive with Anil Singhvi

Wed, Dec 13, 2023

Ready for increase in ITC, how much will ITC increase? Management confident about growth... What are the targets for ITC? Know from Anil Singhvi...

ITC Analyst Meet: Street gives a thumbs up to cigarettes-to-hotels conglomerate; check out key takeaways here

ITC Analyst Meet: Street gives a thumbs up to cigarettes-to-hotels conglomerate; check out key takeaways here

Wed, Dec 13, 2023

The ITC Next strategy remains in focus, particularly regarding innovation, digital and supply chain issues, the brokerage added.

Mcap of four of top-10 most valued firms decline by Rs 23,417 crore; Infosys, TCS biggest laggards

Mcap of four of top-10 most valued firms decline by Rs 23,417 crore; Infosys, TCS biggest laggards

Sun, Nov 12, 2023

ICICI Bank added Rs 3,520.92 crore taking its market valuation to Rs 6,57,563.38 crore.

Top 10 firms add Rs 1.30 lakh crore in market valuation, HDFC Bank biggest gainer

Top 10 firms add Rs 1.30 lakh crore in market valuation, HDFC Bank biggest gainer

Sun, Sep 10, 2023

Reliance Industries remained the most valued firm followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.

ITC's Rs 1 Lakh Biscuit: The Story Behind the Costliest Biscuit Ever

ITC's Rs 1 Lakh Biscuit: The Story Behind the Costliest Biscuit Ever

Wed, Sep 06, 2023

A Chennai-based consumer forum has ordered ITC Limited to pay Rs 1 lakh for packing one biscuit less in a 16-biscuit "Sun Feast Marie Light" packet. The forum found that the company was misleading the public by packing one biscuit less in the packets.

ITC Limited to pay ₹1 lakh compensation to customer. Here's why

ITC Limited to pay ₹1 lakh compensation to customer. Here's why

Wed, Sep 06, 2023

ITC: 1 Biscuit Less, ₹ 1 Lakh Fine Case of one Biscuit less in Sunfeast Marie Light - A resident of #Chennai filed a case, only 15 biscuits were found in a packet... Know full details in this video.. .

Mcap of seven of top 10 firms declines Rs 62,279 crore; Reliance biggest laggard

Mcap of seven of top 10 firms declines Rs 62,279 crore; Reliance biggest laggard

Sun, Sep 03, 2023

The market valuation of Reliance Industries fell by Rs 38,495.79 crore to Rs 16,32,577.99 crore.

ITC Hotels demerger approved: Check shares listing timeline, entitlement ratio and other details

ITC Hotels demerger approved: Check shares listing timeline, entitlement ratio and other details

Fri, Aug 18, 2023

ITC Hotels demerger News: Talking about the rationale behind the decision, the company said that the Hotels Business of ITC has matured over the years and is well poised to chart its own growth path.

ITC woos Street with operationally strong Q1 performance; should you add to your portfolio?

ITC woos Street with operationally strong Q1 performance; should you add to your portfolio?

Wed, Aug 16, 2023

Cigarettes-to-hotels conglomerate ITC's shares rose on Wednesday, as investors returned to trade following the Independence Day holiday, after the company reported a strong set of Q1 results especially on the operational front. Analysts maintained largely positive views on ITC shares, with their targets implying growth of as much as 18 per cent in the stock.

ITC Q1 Results: Net profit jumps 17.6% to Rs 4,903 crore, beats estimates

ITC Q1 Results: Net profit jumps 17.6% to Rs 4,903 crore, beats estimates

Mon, Aug 14, 2023

The company reported revenue of Rs 16,995 crore for the quarter ended June 30.

ITC Earnings Preview: Insights into Volume and Margin Projections

ITC Earnings Preview: Insights into Volume and Margin Projections

Mon, Aug 14, 2023

How will be the results of ITC? How will ITC's volumes and margins fare? Is commentary possible on the demerger results? Know full details in this video

ITC bets big on FMCG business for growth

ITC bets big on FMCG business for growth

Fri, Aug 11, 2023

ITC news: Diversified conglomerate ITC Limited on Friday said the FMCG business has immense potential for growth with its brands commanding an annual consumer spend of Rs 29,000 crore.

India emerges as beacon of growth, to remain fastest growing major economy: ITC chairman

India emerges as beacon of growth, to remain fastest growing major economy: ITC chairman

Fri, Aug 11, 2023

ITC AGM meeting: India has emerged as a "beacon of growth" at a time when the world is grappling with serious issues affecting growth across all major economies, said ITC Chairman Sanjiv Puri. In his address to shareholders in the company's annual general meeting, Puri said the country is buoyed by optimism and deeply engaged in realising that promise, striding on the pathways of clearly enunciated goals and policies.

Market valuation of seven of top-10 most valued firms falls by Rs 77,434.98 cr; ITC, HDFC Bank major laggards

Market valuation of seven of top-10 most valued firms falls by Rs 77,434.98 cr; ITC, HDFC Bank major laggards

Sun, Jul 30, 2023

Hindustan Unilever's valuation eroded by Rs 4,417.23 crore to Rs 6,07,369.34 crore and that of ICICI Bank dipped by Rs 917.76 crore to Rs 6,96,495.74 crore.

Demerged hotels business will have a strong balance sheet: ITC chairman

Demerged hotels business will have a strong balance sheet: ITC chairman

Fri, Jul 28, 2023

ITC demerger news, ITC concall: Chairman and managing director of ITC Limited Sanjiv Puri on Thursday said that the proposed demerged hotels business will have a strong balance sheet and also be debt-free.

Approval for demerger of ITC's hotel business!

Approval for demerger of ITC's hotel business!

Mon, Jul 24, 2023

In-principle approval for demerger of ITC's hotel business. ITC's stake in the demerged company will be 40%.Approved the formation of a subsidiary named ITC Hotels Ltd. Formation approved for hotel and hospitality business

ITC board gives in-principle nod to demerger of hotel business: 10 things to know

ITC board gives in-principle nod to demerger of hotel business: 10 things to know

Mon, Jul 24, 2023

Cigarettes-to-hotels conglomerate ITC said on Monday that it would spin off its hotels business from the rest of the company, separating it from its cigarettes and food businesses.

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