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ITC Consolidates Stake in Oberoi and Leela Brands Amidst Hotel Business Demerger

ITC Consolidates Stake in Oberoi and Leela Brands Amidst Hotel Business Demerger

ITC Ltd., currently undergoing the demerger of its hotel business, announced on Thursday that its board has approved consolidating its shareholding in two key rival hospitality brands, Oberoi and Leela. ITC will acquire shares held

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ITC to hold shareholder meeting for landmark demerger of hotel business

ITC to hold shareholder meeting for landmark demerger of hotel business

According to a report by Economic Times, ITC is convening a meeting of its shareholders on June 6th, 2024, to seek approval for a major restructuring. The plan involves demerging the company's hotel business, ITC

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DB Realty announces demerger of hospitality business

DB Realty announces demerger of hospitality business

DB Realty Ltd disclosed on Thursday that it plans to demerge its hospitality business through the incorporation of Advent International Ltd, as approved by its board of directors. This strategic move aims to streamline operations

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