Royalty-like arrangement for ITC Hotels to use ITC brands: Sanjay Puri on demerger
The CMD also spoke about the structure of the deal and the asset-acquisition strategy for the new entity, among others
Source: moneycontrol.com
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itc: Proposed demerger of the hotel business will improve the financial return ratios of ITC Ltd, says ITC chairman
ITC's demerger of its hotels business into a new entity will help improve the conglomerate's financial ratios through reinforced capital allocation, while still retaining institutional synergies between the hotels and fast moving consumer goods business, said chairman Sanjiv Puri.
Source: indiatimes.com
ITC Hotels | ITC to demerge its hotel business into separate entity, share price drops 4 per cent
The entity, likely to be called ITC Hotels, will be listed on the bourses pursuant to receipt of appropriate regulatory approvals
Source: telegraphindia.com
Brokerages cheer for ITC hotels demerger with hopes of value unlocking
The decision to not do a full split of ITC's newly carved hotel business came as a negative surprise for market participants, fueling a 4% slide in the stock on July 24.
Source: moneycontrol.com
ITC To Demerge Hotel Business Into Separate Company
ITC Ltd said on Monday it would spin off its hotels business from the rest of the company, separating it from its cigarettes and food businesses.
Source: ndtv.com