10 months, 2 weeks ago

Minority shareholders to benefit from ITC Hotels demerger, will unlock value and improve return ratio

Minority shareholders are expected to benefit from the demerger of ITC's hotel business into a separate entity, ITC Hotels, as it may unlock value for them and improve return ratios of the FMCG major, as per reports of four proxy advisory firms. The reports from proxy advisory firms, including InGovern Research Services, ISS and SES, come ahead of the June 6 meeting of shareholders of ITC to consider and approve the demerger proposal. According to proxy advisory firm ISS, the demerger may unlock value for its shareholders and improve ITC's return ratios. Also Read | Sony Pictures Networks India hires Disney Star’s Gaurav Banerjee as CEO Another proxy advisory firm Glass Lewis has also recommended the proposed demerger scheme.

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