ITC board gives in-principle nod for demerger of hotels business; stock falls over 3%

Bilgin

Global Mod
Global Mod
ITC board gives in-principle nod for demerger of hotels business; stock falls over 3% ITC will hold a 40% stake in the new entity and the balance shareholding of about 60% to be held directly by the Company’s shareholders proportionate to their shareholding in the Company.
 
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