Domestic passive mutual fund (MF) schemes will have to sell around Rs 1,500 crore worth of ITC Hotels shares once the demerged entity lists on the exchanges, according to estimates. IMAGE:......
ITC’s move to demerge the hotel business into a new entity, ITC Hotels Ltd, is a step in the right direction and will allay investor’s concerns on the company’s capital allocation......
Diversified entity ITC Ltd on Monday said it will demerge its hotels business by incorporating wholly-owned subsidiary ITC Hotels Ltd, paving way to attract appropriate investors and strategic......
'In April 2019, we will be opening the 450-room ITC Royal Bengal in Kolkata.' 'It is coming up in the same complex as ITC Sonar, which has 240 rooms.' 'The 700-room hotel complex should be a......
'We are certainly open to inorganic opportunities to grow.' IMAGE: The 450-room ITC Royal Bengal, above, plus the 250-room ITC Sonar will be India's biggest hotel complex. Photograph: Kind......