ITC s board has given an in-principle nod for the demerger of its hotels business. ITC currently has over 120 hotels and 11,600 keys across over 70 locations. Under the new scheme, the company would hold a stake of around 40% and the balance will be held by the companys shareholders proportionate to their shareholding in the company
ITC, despite facing a challenging business environment, has demonstrated strong performance across all operating segments as a result of its ITC Next strategy.The diversified conglomerate recently released its Annual Report for FY 2022-23, .
Increase in demand for water mist suppression systems and the need to offer protection against fire risks to industrial kitchens across the world drive the growth of the global industrial cooking