ITC SHARE

ITC announced the demerger of its hotel business on Monday, Fails to Inspire the investors.

By Admin-ESIC

Shares of ITC fell 3.87% to close at ₹470.90.

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The company will retain a 40% stake in the new entity, while the remaining 60% will be distributed to shareholders.

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This is seen as a partial value unlocking, and some investors may have been disappointed that the entire hotel business was not being spun off.

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others believe that the demerger is a positive development.

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It will allow ITC to focus on its core businesses, and it will also create a separate, listed entity for the hotel business.

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This could make it easier for the hotel business to attract investors and raise capital.

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The demerger is also seen as a positive development for the Indian hospitality industry.

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It signifies a strong sense of confidence in the sector, and it could lead to increased competition

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The stock has gained 39% in the last year against a 10% gain in the equity benchmark Sensex.

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The demerger is expected to be completed by the end of this year.

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