ITC Hotels , now a separate debt-free entity, aims for accelerated growth with its six brands. ITC Hotels plans to increase its room capacity to over 18,000 rooms across 200 hotels by 2030 through an asset-right strategy. ITC Hotels Demerger : In August 2023, FMCG behemoth ITC revealed intentions to spin off its hotel division into a separate company. Under the proposal, ITC will maintain 40% ownership of ITC Hotels , with the remaining 60% given to ITC shareholders based on their holdings. ITC announces the demerger of its hotel business into ITC Hotels . Explore what this means for investors and the potential opportunities and risks involved. ITC Hotels , the second-largest hotel chain in India, will spin off from ITC Ltd on January 1, 2025. Learn about the rationale, the process, and the prospects of this long-anticipated move.
