Earlier in October this year, the Kolkata bench of the National Company Law Tribunal (NCLT) approved the demerger between ITC Limited and ITC Hotels Limited.
The demerger scheme will be effective on the first day of the following month after filing of certified copy of the NCLT order with the Registrar of Companies, West Bengal, and fulfilling other conditions & matters.
ITC said it got a copy of the NCLT order on 16th December.
“We further advise that ITC Limited and ITC Hotels Limited have mutually acknowledged that all the conditions specified in Clause 28 of the Scheme…
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