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ITC hotels demerger to unlock value for 30 lakh shareholders. But what disappointed investors?

After rallying over 40% in the last 6 months, ITC shares ended about 4% lower at Rs 470.90 on BSE after the FMCG major announced that it will hive off the hotels business into a new subsidiary. By doing this, ITC management has begun the process of addressing the biggest investor concern around the demerger of its non-cigarette business like hotels, agri and IT
Vivek Maheshwari Amit Kumar Gupta Apurva Sheth Kumar Gupta Fintrekk Capital

India News | To Enforce Decorum, Discipline, We Sometimes Have to Take Recourse to Unpalatable Situations: VP Dhankar

Get latest articles and stories on India at LatestLY. Addressing a group of Indian Forest Service probationers at Parliament House today, he said that "As Chairman of Rajya Sabha, I am working in a manner, using everything under my command to ensure the temple of democracy, in the largest democracy, has decorum and discipline.” India News | To Enforce Decorum, Discipline, We Sometimes Have to Take Recourse to Unpalatable Situations: VP Dhankar.
New Delhi Bharat Jyoti Rajya Sabha Jan Andolan Leena Nandan Vandana Kumar

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