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.
ITC Q1 results: Standalone profit rises 17.6% to ₹4,902 cr; revenue declines by 7.2%
During the quarter under review, the company’s standalone profit surged 17.6% year-on-year (YoY) to ₹4,902.74 crore as against ₹4,169.38 crore in the same period last year.
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.
Why are Vedanta, ITC shares trading higher today
Shares of Vedanta and ITC are trading ex-dividend today; both companies have set May 30 as record date for dividend payout
ITC hits fresh record high on extended rally; m-cap crosses ₹5.5 lakh cr
The FMCG major touched a new high of ₹443.85 intraday today on the back of a continued rise in share price for the last six sessions.
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 cross ₹400 mark for first time; hit all-time high
The FMCG heavyweight hit a new record high of ₹401.95 during the session, breaching the previous high of ₹398.2 touched in intraday trade on April 11.
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.
