HBI Staff | Hyderabad
After a detailed process, January 6 has been marked as the record date for the much-anticipated demerger of ITC Hotels. Announced in July 2023, the move will see ITC retaining a 40% stake in the
HBI Staff | Hyderabad
ITC has increased its shareholding in EIH Limited and HLV Limited by acquiring additional stakes from its wholly-owned subsidiary, Russell Credit Limited. The company purchased a 2.44% stake in EIH’s share capital, comprising 15,232,129 equity
HBI Staff | Hyderabad
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
HBI Staff | Hyderabad
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
HBI Staff | Hyderabad
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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