Terms of the offer
ITC Ltd. announced the demerger of its hotel business, effective January 1, 2025. The move aims to unlock value for shareholders by providing direct access to ITC Hotels , while allowing ITC to focus on its high-margin businesses. The demerger , effective January 6, 2025, creates a standalone entity for ITC ’s hospitality division, allowing both ITC and ITC Hotels to pursue distinct growth trajectories. ITC Hotels , the second-largest hotel chain in India, will spin off from ITC Ltd on January 1, 2025. Learn about the rationale, the process, and the prospects of this long-anticipated move. Post demerger , ITC Hotels will have a strong debt-free balance sheet with ₹11,000 crore of total assets (including ₹1,000-1,500 crore of net cash). Multidiversified conglomerate ITC has received all regulatory approval to split off its hotel business into a separate listed entity, which will ...
