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ITC hotel business demerger: ITC board approves demerger of hotel business; stock drops 3%

"After due consideration, the Board accorded its in-principle approval to the demerger of Hotels Business under a scheme of arrangement, with the Company holding a stake of about 40% in the new entity and the balance shareholding of about 60% to be held directly by the Companys shareholders proportionate to their shareholding in the Company," ITC said.
Hotels Business Ministry Of Corporate Affairs Sanjiv Puri Itc Hotel Business Demerger Itc Board Itc Share Price

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