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 …
Jio Financial Services demerger: The primary and secondary market is ful of buzz about the Jio Financial Services IPO as Reliance Industries Ltd is all set for demerger after receiving the nod from National Company Law Tribunal. This has sparked speculations about the launch of Jio Financial Services IPO, its share price in grey market and expected demerger record date. …
