ITC to demerge hotel business on January 1
Financial Express Bengaluru|December 18, 2024
CIGARETTES-TO-FOODS CONGLOMERATE ITC has finalised January 1, 2025, as the effective date for the demerger of its hotel business, following receiving an order from the National Company Law Tribunal (NCLT), the company said on Tuesday.
FE BUREAU

ITC stated that it had received a certified copy of the NCLT Kolkata Bench's order dated October 4, 2024, sanctioning the Scheme of Arrangement between ITC and ITC Hotels.

Shares of ITC rose after the announcement, which was made during market hours on Tuesday. The stock touched ₹472 per share on the Bombay Stock Exchange (BSE) before closing at ₹469.85 apiece.

Diese Geschichte stammt aus der December 18, 2024-Ausgabe von Financial Express Bengaluru.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der December 18, 2024-Ausgabe von Financial Express Bengaluru.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FINANCIAL EXPRESS BENGALURUAlle anzeigen
Financial Express Bengaluru

IIT-Madras to offer fine arts, culture courses

In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.

time-read
1 min  |
December 18, 2024
Financial Express Bengaluru

The world's busiest airline routes in 2024 are largely in Asia

Leisure continues to outshine corporate trips

time-read
1 min  |
December 18, 2024
Financial Express Bengaluru

Not even 2% work-linked higher education courses yet: Report

EDUCATION-INDUSTRY MISMATCH

time-read
1 min  |
December 18, 2024
Financial Express Bengaluru

KYC masking to go live on Jan 20

DEADLINE EXTENDED; BIG RELIEF TO BANKS & FINTECHS

time-read
1 min  |
December 18, 2024
Financial Express Bengaluru

SME IPOs fetch rich returns in Dec

THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.

time-read
1 min  |
December 18, 2024
Financial Express Bengaluru

Indian firms use euro, yen swaps

MOREOVER, EXPECTATIONS OF dollar strengthening further have also prompted Indian firms to opt for cross-currency pairs other than USD-INR.

time-read
1 min  |
December 18, 2024
Financial Express Bengaluru

EPFO weighs higher equity investments

IN FY23, the interest rate was fixed at 8.15% and 8.10% in FY22.

time-read
2 Minuten  |
December 18, 2024
Financial Express Bengaluru

China plans record budget deficit of 4% of GDP in 2025

New plan compares with an initial target of 3% of 2024 GDP

time-read
1 min  |
December 18, 2024
Financial Express Bengaluru

Trudeau govt adrift after FM quits, Trump tariffs loom

Canada's finance minister leaves the government adrift less than a month before the inauguration of a new US administration that could impose crippling sanctions on Canadian exports.

time-read
1 min  |
December 18, 2024
Financial Express Bengaluru

Markets slump over 1%

ALL MAJOR ASIAN markets ended in the red on Tuesday, a day ahead of the US Federal Reserve's meeting outcome.

time-read
1 min  |
December 18, 2024