India Okays ITC Spinning Off Its Hotel Business
The Competition Commission of India approved ITC Ltd's demerger of its hotel business into the newly independent, publicly listed ITC Hotels Ltd.
Source: skift.com
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ITC hotel demerger gets CCI approval | India Infoline
The company's board has also approved the formation of ITC Hotels Ltd, a wholly-owned subsidiary that would manage the company's hotels.
Source: indiainfoline.com
Moneycontrol Pro Panorama | A demerger made in heaven
In this edition of Moneycontrol Pro Panorama: India in race for military domination in space, lessons from Japan to harness tourism potential, expensive visas for Indian IT workers is not in US' interest, and more
Source: moneycontrol.com
Latest News | ITC Hotel Demerger Plan Gets Competition Watchdog's Approval
Get latest articles and stories on Latest News at LatestLY. The Competition Commission of India (CCI) on Tuesday approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity. Latest News | ITC Hotel Demerger Plan Gets Competition Watchdog's Approval.
Source: latestly.com
CCI Approves ITC Hotels Demerger: A Strategic Move in Indian Hospitality
The Competition Commission of India (CCI) has approved the demerger of ITC Ltd's hotel business into a newly incorporated subsidiary, ITC Hotels Ltd. Post-demerger, ITC Hotels will be listed on stock exchanges, with ITC retaining a 40% stake. This move aims for internal restructuring without altering market dynamics.
Source: devdiscourse.com