ITC Ltd has fixed January 1, 2025, as the effective date for demerger of its hotel business after receiving an approval order from the National Company Law Tribunal (NCLT).

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ITC sets January 1, 2025 as effective date for demerger of hotel business

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The fast-moving consumer goods giant ITC Ltd. has set the effective date of the demerger of its hotel business as Jan. 1, 2025. The cigarettes-to-staples company in October received approval from the Kolkata bench of the National Company Law Tribunal for the spinoff of its hotel business. The FMCG giant announced its plans to demerge its hotel business in August 2023 into a separate entity. Under this demerger scheme, ITC will maintain 40% owner…

NDTV Profit

ITC Sets Jan. 1 As Effective Date For Demerger Of Hotel Business

ITC Limited has received the National Company Law Tribunal (NCLT), Kolkata Bench’s approval for the demerger of its hotel business into ITC Hotels Limited. The scheme of arrangement has been sanctioned under Sections 230 to 232 of the Companies Act, 2013. The company confirmed that all conditions mentioned in Clause 28 of the Scheme have been fulfilled, including the registration of the order with the Registrar of Companies (RoC), West Bengal. K…

Business Upturn

ITC Hotel Business demerger will be effective January 1, 2025

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Source link  The post ITC Hotels demerger to come into effect from January 1, 2025 appea…

GAGA INDIA

ITC Hotels demerger to come into effect from January 1, 2025 - GAGA INDIA

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Business NewsMarketsStock MarketsITC acquires 2.44% stake in EIH and 0.53% in Leela Mumbai for over  ₹111 crore ahead of hotel demerger   
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TheSpuzz

ITC acquires 2.44% stake in EIH and 0.53% in Leela Mumbai for over ₹111 crore ahead of hotel demerger

The country's leading company has announced the record date for the de-merger of the hotel business. For this, the company has fixed the record date on January 6. Meanwhile, the company's shares closed at 470.65 on Wednesday and December 18 with a marginal increase of 0.17%. On September 27, 2024, the share price reached Rs. 528.55. This is the 52-week high of this stock. In March 2024, the share price was Rs. 399.30. This is the 52-week low of …

દેશની અગ્રણી કંપનીએ હોટેલ બિઝનેસના ડી-મર્જરની રેકોર્ડ ડેટની જાહેરાત કરી છે. આ માટે કંપનીએ 6 જાન્યુઆરીના રોજ રેકોર્ડ ડેટ નક્કી કરી છે. આ દરમિયાન, કંપનીના શેર બુધવારે અને 18 ડિસેમ્બરના રોજ 0.17% ના નજીવા વધારા સાથે 470.65 પર બંધ થયા હતા. 27 સપ્ટેમ્બર 2024ના રોજ શેરની કિંમત રૂ. 528.55 પર પહોંચ્યા હતા. આ શેરની 52 સપ્તાહની ઊંચી સપાટી છે. માર્ચ 2024માં શેરની કિંમત 399.30 રૂપિયા હતી. આ શેરનો 52 સપ્તાહનો નીચો સ્તર છે.TC લિમિટેડે સ્ટોક એક્સચેન્જ ફાઇલિંગમ…

Demerger: દિગ્ગજ કંપની પોતાનો બિઝનેસ કરશે અલગ, રેકોર્ડ ડેટ કરી જાહેર, રોકાણકારો માટે મહત્વના સમાચાર

tv9gujarati.com

Demerger: The giant company will separate its business, announce the record date, important news for investors

ITC Hotels Demerger: Record Date Announced : ITC Limited has announced setting January 6, 2025 as the record date for the de-merger of its hotel business, ITC Hotels Limited (ITCHL). This de-merger will be considered effective from January 1, 2025. The objective of this decision is to develop the hotel business of ITC Group as a separate entity. The company hopes that with this decision it will be able to focus better on business and the capital…

Morning Express

ITC Hotels Demerger: Big announcement related to de-merger of ITC Hotels, January 6 will be the record date, decision will be implemented from January 1.

ITC sets January 1, 2025 as effective date for demerger of hotel business

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