Itc demerger: Last year

Last year, ITC decided to demerge its Hotel business into a separate listed entity to unlock value for shareholders. It fixed the demerger ratio at 1:10, which meant that shareholders holding... ITC Hotels Stocks, ITC Hotels demerger share price updates 6 Jan 2025: ITC shares in focus. ITC Hotels Ltd. will be demerged from ITC Ltd., with the record date for the company for demerger and ... ITC shares traded ex- demerger after splitting its hotel business into ITC Hotels, unlocking shareholder value. Analysts expect ITC Hotels listing by February 2025, citing benefits like operational focus, higher dividends, improved growth metrics, and strategic investor alignment for both entities. On August 14, 2023, ITC ’s board approved the scheme of arrangement between ITC and ITC Hotels Ltd. for the demerger in a swap ratio of 1:10 for shareholders, which is likely to be completed over the next 15 months. As part of the scheme, for every 10 shares held in ITC , the shareholder shall be entitled to receive 1 share of ITC Hotels.