ITC To Demerge Hotel Business Into Separate Company
[ad_1] BENGALURU: ITC Ltd said on Monday it would spin off its hotels business from the rest of the company, separating it from its cigarettes and food businesses. The cigarettes-to-hotels conglomerate would hold a 40% stake in the newly formed entity, to be named ITC Hotels Ltd, with the remaining 60% held by shareholders of … Read more