ITC: Could demerger of hotel business may finally unlock value?
ITC, the biggest tobacco-to-biscuit conglomerate in India, has announced the demerger of its hotel business. The new entity, which will now be 60% owned by its shareholders, will be 40% owned by ITC, giving way to newer entity more freedom and less-bureaucracy over the top management. ITC’s hotel business has taken around 20% of the …
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