ITC dethrones India Unilever unit to become No. 1 consumer stock
The cigarette maker has rallied more than 70% in the last 12 months to outperform all other Nifty 50 stocks.
Source: moneycontrol.com
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ITC board approves demerger of hotel business, to hold 40% stake in new entity
In a stock exchange filing, the company said it would hold a stake of around 40 per cent in the new entity and the balance will be held by the company’s shareholders proportionate to their shareholding in the company.
Source: businesstoday.in
ITC board in-principle approves demerger of hotel business; stock falls 4%
After the announcement, ITC's shares tanked around 3.50 per cent, as around 3 pm, the company's stock was trading at Rs 473.15.
Source: indianexpress.com
ITC approves demerger of hotels business, shares slide
Under the approved plan, the new entity would be majority-owned directly by the company's shareholders, holding approximately 60 percent of the stake, while ITC Limited would retain about 40 percent
Source: moneycontrol.com
ITC board gives in-principle approval to demerge hotels business
Under the approved plan, the new entity would be majority-owned directly by the company's shareholders, holding approximately 60 percent of the stake, while ITC Limited would retain about 40 percent
Source: moneycontrol.com