ITC AGM Live: Hotel business demerger to sharpen capital allocation for ITC, says MD Sanjiv Puri at 112th Annual General
1 year, 7 months ago

ITC AGM Live: Hotel business demerger to sharpen capital allocation for ITC, says MD Sanjiv Puri at 112th Annual General

Live Mint  

ITC Ltd, the cigarette manufacturer and the FMCG major, is holding its 112th Annual General Meeting on August 11. ITC AGM Live Updates: ITC shares trade lower ITC AGM: ITC share price was trading lower even after ITC CMD Sanjiv Puri addressed shareholders at 112th annual general meeting. ITC AGM Live Updates: ITC shares fall as CMD Sanjiv Puri addresses shareholders ITC AGM: ITC share price clocks in minor losses even as ITC CMD Sanjiv Puri addresses shareholders at 112th annual general meeting. ITC AGM Live Updates: CMD Sanjiv Puri addresses to shareholders ITC's 112th Annual General Meeting has begun. ITC AGM Live Updates: ITC Chairman Sanjiv Puri to address shareholders ITC Chairman and Managing Director Sanjiv Puri will address at the company’s shareholders in its 112th Annual General Meeting.

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ITC Hotels shares to be removed from Sensex and other BSE indices today
1 month, 2 weeks ago

ITC Hotels shares to be removed from Sensex and other BSE indices today

Live Mint  

ITC Hotels share price will be in focus on Wednesday as the stock will be removed from Sensex and other BSE indices before trading begins on today, February 5, 2025. As the ITC Hotels shares did not hit lower circuit till the cut-off time on Tuesday, February 04, 2 pm, it will be removed from the BSE indices. Additionally, ITC …

Two days after public debut, ITC Hotels shrugs off listing volatility
1 month, 3 weeks ago

Two days after public debut, ITC Hotels shrugs off listing volatility

Live Mint  

Shares of ITC Hotels made their much-anticipated debut on the stock exchanges on 29 January following its demerger from parent company ITC Ltd. According to ITC’s exchange filing, the total acquisition cost was split, with ITC shares retaining 86.49% of their pre-demerger value and ITC Hotels accounting for 13.51%. In Q2FY25, ITC Hotels reported 12% year-on-year revenue growth, with its …

ITC Hotels lists on stock exchanges; shares decline 5 pc on BSE
Trending News
1 month, 3 weeks ago

ITC Hotels lists on stock exchanges; shares decline 5 pc on BSE

Live Mint  

New Delhi, Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, on Wednesday slipped up to 5 per cent in its debut on the stock exchanges. Separately, ITC, in a regulatory filing, informed that ITCHL received approval from the National Stock Exchange of India Ltd and BSE Ltd for listing and trading of its equity …

ITC Hotels Share Price: Debuts on bourses, set to expand portfolio to over 200 hotels in 5 years
1 month, 3 weeks ago

ITC Hotels Share Price: Debuts on bourses, set to expand portfolio to over 200 hotels in 5 years

The Hindu  

ITC Hotels, the new entity formed consequent to the demerger of ITC’s hospitality business, got listed on the stock exchanges on Wednesday, and with it, also announced plans to expand its portfolio to over 200 hotels in five years. From the more than 140 properties with 13,000 keys across 90 plus locations it operates now, the plan is to expand …

ITC Hotels share price: Demerged hotel biz to list on BSE, NSE today, check details
1 month, 3 weeks ago

ITC Hotels share price: Demerged hotel biz to list on BSE, NSE today, check details

Hindustan Times  

ITC Hotels share price: ITC Hotels will be making its debut on the Bombay Stock Exchange and the National Stock Exchange on Wednesday, January 29, 2025, according to its regulatory filing. ITC Hotels share price: Surrounded by the Aravalis, Mementos by ITC Hotels, Ekaaya offers stunning vistas of the verdant valley below, while the sky complements its beauty. 1) ITC …

ITC Hotels to list on NSE & BSE on January 29; details here
1 month, 3 weeks ago

ITC Hotels to list on NSE & BSE on January 29; details here

Live Mint  

Kolkata-based diversified conglomerate ITC Ltd announced on Monday that ITC Hotels, which was recently spun off from the parent company, will be listed on the stock exchanges on January 29. "ITCHL has received approval from the National Stock Exchange of India Limited and BSE Limited for listing and trading of its equity shares effective 29th January 2025," ITC said in …

ITC Demerger: Analysts remain optimistic amid strategic restructuring, see up to 29% upside potential in shares
2 months, 2 weeks ago

ITC Demerger: Analysts remain optimistic amid strategic restructuring, see up to 29% upside potential in shares

Live Mint  

ITC Demerger: Indian conglomerate ITC shares finally traded ex-demerger on Monday, January 6, reflecting the separation of the hotel business. Key Details of the Demerger Demerger Ratio: ITC Hotels’ demerger ratio is 1:10, meaning shareholders will receive one share of ITC Hotels for every 10 ITC shares held. Analysts Weigh In The demerger of ITC Hotels is viewed as a …

ITC share price dips ahead of ITC Hotels demerger record date. Should you buy?
2 months, 2 weeks ago

ITC share price dips ahead of ITC Hotels demerger record date. Should you buy?

Live Mint  

ITC share price dropped more than a percent on Friday ahead of its demerger record date next week. The company has set ITC Hotels demerger record date as January 6 and ITC shares will turn ex-date for the demerger on that day. This means ITC shareholders whose names will appear in the company’s books as of Monday, January 6 record …

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details
Trending News
3 months ago

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details

India Today  

Shares of ITC inched higher on Tuesday after the company announced that the demerger of its hotels business, ITC Hotels Ltd, will take effect from January 1, 2025. DETAILS OF THE DEMERGER In its update to the exchanges, ITC stated that both ITC Limited and ITC Hotels Limited have confirmed that all conditions required under Clause 28 of the scheme …

ITC sets January 1, 2025 as effective date for demerger of hotel business
3 months ago

ITC sets January 1, 2025 as effective date for demerger of hotel business

Live Mint  

ITC Ltd on Tuesday said that the company has fixed January 1, 2025, as the effective date for demerger of its hotel business after receiving an approval order from the National Company Law Tribunal. In a stock exchange filing, ITC Ltd said that the Kolkata Bench of the National Company Law Tribunal had sanctioned the scheme of arrangement between ITC …

Minority shareholders to benefit from ITC Hotels demerger, will unlock value and improve return ratio
9 months, 3 weeks ago

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

Live Mint  

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 …

ITC shares drop over 4% as BAT says working towards monetising some of its stake
1 year, 1 month ago

ITC shares drop over 4% as BAT says working towards monetising some of its stake

Live Mint  

ITC share price traded over 4% lower on Thursday as its largest shareholder BAT is working towards offloading some of its stake in the cigarette-to-hotels conglomerate. Our shareholding in ITC has existed in one way or another since the early 1900s and is subject to numerous share capital changes and regulatory restrictions,” BAT said. BAT also highlighted that the Group’s …

ITC Q1 Results Highlights: Net profit rises 17.5% to ₹4,902 cr; board approves 25% stake in Maharaja Resort
1 year, 7 months ago

ITC Q1 Results Highlights: Net profit rises 17.5% to ₹4,902 cr; board approves 25% stake in Maharaja Resort

Live Mint  

ITC Q1 Results Live: ITC Ltd announce its April-June quarter results for fiscal 2023-24 on August 14, reporting a rise of 17.5 per cent in standalone net profit at ₹4,902 crore, compared to ₹4,169.38 crore in the corresponding period last year. ITC Q1 Results Live: Hotel biz demerger: approvals and timelines View Full Image Timelines of listing ITC hotels ITC …

ITC-ITC Hotels demerger to unlock value for company, says Nuvama Equities
1 year, 7 months ago

ITC-ITC Hotels demerger to unlock value for company, says Nuvama Equities

Live Mint  

Domestic brokerage, Nuvama Institutional Equities in its recent report highlighted key points from the recent ITC analyst call following ITC and ITC Hotels demerger. The domestic brokerage reported after the ITC analyst call that the demerger of the hotel division creates value for current ITC shareholders. The newly formed company and ITC will both have West Bengal registered offices, hence …

ITC shares snap three-day losing run, rebound 2% as street sees positives in hotel business demerger
1 year, 7 months ago

ITC shares snap three-day losing run, rebound 2% as street sees positives in hotel business demerger

News 18  

Snapping its three-day losing run, cigarettes-to-hotels conglomerate ITC shares rebounded by more than 2% in Wednesday’s trade. ITC shares declined nearly 6% in the three sessions after the company announced a proposal to demerge the hospitality business into a separate company named ITC Hotels Ltd. Shares of the company closed 1.85% lower at Rs 462.20 apiece on BSE on Tuesday …

Why ITC shares fell 4% after hotel business demerger announcement? - Explained
1 year, 7 months ago

Why ITC shares fell 4% after hotel business demerger announcement? - Explained

Live Mint  

ITC officially announced the demerger of its hotel business on Monday, putting all the rumours to rest. “After due consideration, the board accorded its in-principle approval to the demerger of the hotels business under a scheme of arrangement, with the company holding a stake of about 40 per cent in the new entity and the balance shareholding of about 60 …

ITC board gives in-principle nod for demerger of hotels business
1 year, 7 months ago

ITC board gives in-principle nod for demerger of hotels business

Live Mint  

ITC Ltd. board has given in-principle approval for the demerger of its hotels business and to incorporate a wholly owned subsidiary called ITC Hotels. “After due consideration, the Board accorded its in-principle approval to the demerger of Hotels Business under a scheme of arrangement, with the Company holding a stake of about 40% in the new entity and the balance …

ITC’s demerger for hotel biz underway; shares hit 52-week high; check details
1 year, 8 months ago

ITC’s demerger for hotel biz underway; shares hit 52-week high; check details

Live Mint  

Shares of ITC Ltd rallied over three per cent to hit a 52-week high of ₹480.60 after media reports stated that the company's demerger process for its hotel business is now underway. ITC's hotel business demerger has been cited as one of the key triggers for further potential upside on the stock by analysts. Last year, Chairman and Managing Director …

Sanjiv Puri appointed as Chairman and MD for ITC
5 years, 10 months ago

Sanjiv Puri appointed as Chairman and MD for ITC

Hindustan Times  

Diversified ITC Group Monday announced elevation of its MD Sanjiv Puri as the Chairman and Managing Director of the company. Puri’s elevation comes after noted industry leader and erstwhile ITC Chairman Y C Deveshwar passed away Saturday morning after a brief illness. “The Board of Directors of the company at the meeting held today appointed Sanjiv Puri, Managing Director, also …

ITC Q4 profit grows 19% to ₹3,482 crore; appoints Sanjiv Puri as new chairman
5 years, 10 months ago

ITC Q4 profit grows 19% to ₹3,482 crore; appoints Sanjiv Puri as new chairman

Live Mint  

FMCG major ITC today reported a 18.72% growth in net profit for the March quarter. ITC has appointed Sanjiv Puri as the new chairman of the company with effect from today. "The Board of Directors of the company at the meeting held today appointed Sanjiv Puri, Managing Director, also as the Chairman of the Company with effect from May 13, …

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