ITC Hotel demerger from January 1, 2025
The New Indian Express Tiruchy|December 18, 2024
FMCG giant ITC Ltd has fixed January 1, 2025 as the effective date for the demerger of its hotel business after receiving an order from the National Company Law Tribunal (NCLT).
ENS ECONOMIC BUREAU @ New Delhi

In a regulatory filing, ITC said that the Kolkata Bench of NCLT had sanctioned the scheme of arrangement between ITC Ltd., ITC Hotels Ltd., and their respective shareholders, earlier this October.

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