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.
Image By: PEXELS
The company will retain a 40% stake in the new entity, while the remaining 60% will be distributed to shareholders.
Image By: PEXELS
Image By: Canva & Pixels
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.
Image By: PEXELS
others believe that the demerger is a positive development.
Image By: PEXELS
It will allow ITC to focus on its core businesses, and it will also create a separate, listed entity for the hotel business.
Image By: PEXELS
This could make it easier for the hotel business to attract investors and raise capital.
Image By: PEXELS
The demerger is also seen as a positive development for the Indian hospitality industry.
Image By: PEXELS
It signifies a strong sense of confidence in the sector, and it could lead to increased competition
Image By: PEXELS
The stock has gained 39% in the last year against a 10% gain in the equity benchmark Sensex.
Image By: PEXELS
The demerger is expected to be completed by the end of this year.
Image By: PEXELS
THANKS FOR WATCHING SHARE THIS WITH YOUR FRIENDS AND FAMILY
Image By: PEXELS
NEXT