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ITC Hotels Demerger: ITCHL approves allotment of over 125 cr shares to shareholders – Listing expect…

by Robert Van Pash (Editor)
January 11, 2025
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Updated Jan 11, 2025 18:14 IST

ITC 1

ITCHL will no longer be a subsidiary of ITC Limited, starting January 11, 2025. (Image: ITC Hotels/ET NOW News)

Article Highlights

  • In August 2023, FMCG behemoth ITC revealed intentions to spin off its hotel division into a separate company.
  • Under the proposal, ITC will maintain 40% ownership of ITC Hotels, with the remaining 60% given to ITC shareholders based on their holdings.
  • Under the demerger plan, ITC has announced that shareholders will receive one share of ITC Hotels for every 10 shares they hold in ITC.

ITC Hotels Demerger : ITCHL (ITC Hotels Limited), in their board meeting held on January 11, 2025, has approved the allotment of 125,11,71,040 equity shares of Rs 1/- each. This allotment is in favor…

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