ITC Hotels demerger ratio is 1:10, which means 1 share of ITC Hotels for every 10 shares of ITC Ltd. ITC shareholders whose names will appear in the company’s books as on January 6 record date ... With the demerger , ITC Hotels will become the second largest hotel chain with its revenue standing at ₹3,103 Crores. It is noteworthy how the Hospitality sector in India is booming, as demand is growing by 9%, while supply is at 6%. The remaining gap of 3% is what is boosting the industry’s growth. ITC Hotels Demerger : In August 2023, FMCG behemoth ITC revealed intentions to spin off its hotel division into a separate company. Under the proposal, ITC will maintain 40% ownership of ITC Hotels, with the remaining 60% given to ITC shareholders based on their holdings. Last year, ITC decided to demerge its Hotel business into a separate listed entity to unlock value for shareholders. It fixed the demerger ratio at 1:10, which meant that shareholders holding...
