ITC Ltd on Tuesday announced that the company has fixed January 1, 2025 as the effective date for demerger of its hotel business after receiving an order from the National Company Law Tribunal (NCLT). In a regulatory filing, the company informed that it has received an order from NCLT sanctioning the agreement.
Earlier in October this year, the Kolkata bench of the NCLT had approved the demerger between ITC Limited and ITC Hotels Limited.
“Further to our letter dated 5th October,…
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