Will ITC Hotels' demerger unlock value for shareholders?
ITC Hotels' demerger is expected to be completed by Sep'24, while the listing of the new entity is expected to take place in Nov'24.
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ITC shares rise 2% on strong Q1; analysts see up to 23% upside
The board of ITC also approved ITC Hotels' demerger in a swap ratio of 1:10, which is likely to be completed over the next 15 months.
Why ITC share is falling after hotel demerger announcement
Shareholders seemed to be unhappy with demerger ratio as they would not get one share against each share they are holding in ITC.
ITC shares hit fresh all-time high; m-cap crosses ₹6 lakh cr
The FMCG major has joined the league of biggies such as RIL, TCS, HDFC Bank, ICICI Bank, HUL, and Infosys to become the seventh-most valued firm on BSE.
ITC Q4 profit rises 23% to ₹5,175 crore
The ITC board recommended a final dividend of ₹6.75 and a special dividend of ₹2.75 per equity share.
ITC shares hit new all-time high; m-cap crosses ₹5 lakh cr
The FMCG heavyweight became the 11th BSE-listed entity to touch ₹5 lakh crore mark after shares scaled a new all-time high of ₹402.60 in intraday trade.
ITC shares hit new record on earnings optimism; here’s what analysts expect
The cigarette-to-hotel conglomerate is expected to report double-digit growth in its net profit for Q4 FY23, aided by cigarettes and FMCG businesses.
ITC shares rebound 11% from day’s low despite hike in duty on cigarettes
The share price of ITC jumped as much as 11% from day’s low to hit a new all-time high of ₹365.65 on the BSE, driven by strong volume.
ITC share hits fresh all-time high; rallies 72% in 8 months
ITC share price has risen 62% in the calendar year 2022, compared to 1.4% rise in the BSE benchmark Sensex.
ITC’s Q2 net profit rises 12%
The tobacco-to-hotels conglomerate’s improved performance during the second quarter of fiscal 2018-19 was driven by higher revenue from business verticals including hotels, tobacco and consumer goods.
