India Inc has embarked on a drive to unlock value by demerging and listing key business verticals separately. Aditya Birla ...

Today, as he turns a year older, Puri, Chairman and MD of ITC, stands at the helm of one of India’s most iconic conglomerates ...

In February 2017, after 31 years with ITC, Sanjiv Puri was appointed Chief Executive Officer, a role that came with big shoes to fill. He was succeeding the legendary Y.C. Deveshwar, who had already ...

According to Nuvama, the market capitalization of ITC Hotels post-demerger could be around Rs 42,000 crore. Based on this valuation, the likely price of ITC Hotels shares is estimated to be Rs 200.

So apart from unlocking value for the group, ITC Hotels’ demerger is also aimed at accelerating the pace of growth as Indian economy is poised to boom in coming years. On the international front ...

Demerger ballast for ITC After a special trading session designed for price discovery of the hotel shares, the ITC stock started trading at ₹455 apiece compared with the previous close of ₹482 on ...

ITC Hotels will become an independent entity post-demerger on January 1, 2025, allowing shareholders to retain full ownership. The demerger ratio is 1:10, with shares expected to list within 60 days.

ITC hotels demerger: Shares falls 5% to "discover" price after hotels business spin off ITC's stock settled at ₹455.6 at the end of the hour-long pre-open trading session, compared to its ...

It believes the demerger should improve ITC's ROCE from 40 per cent to 43 per cent. It noted that ITC Hotels will start with cash of Rs 1,500 crore (ITC at Rs 5,730 crore) and zero debt.

Post-demerger, ITC's stock price is expected to adjust by Rs 12-15 per share, according to the brokerage. It added that focusing on the core business will improve ITC's long-term earnings and ...