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The long-awaited demerger of Kolkata-based diversified conglomerate ITC ’s hotel business will come into effect today. The tobacco-to-hotel conglomerate has fixed January 6 as the record date for the spin off of its hotels business. ITC Limited, one of India's leading conglomerates, has embarked on a strategic demerger of its hotel business. This move is expected to facilitate a significant value for shareholders, offering a clearer focus on the hospitality sector ITC Hotels Stocks, ITC Hotels demerger share price updates 6 Jan 2025: ITC shares in focus. ITC Hotels Ltd. will be demerged from ITC Ltd., with the record date for the company for demerger and ... On August 14, 2023, ITC ’s board approved the scheme of arrangement between ITC and ITC Hotels Ltd. for the demerger in a swap ratio of 1:10 for shareholders, which is likely to be completed over the next 15 months. As part of the scheme, for every 10 shares held in ITC , the shareholder shall be entitled to receive 1 share of ITC Hotels.
