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.
itc hotels demerger
August 2023
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.
