6/1/2025, 2:45:05 pm

ITC Demerger: Remains optimistic, See up to 29% upside potential in shares

📌ITC shares traded ex-demerger on January 6, reflecting the separation of its hotel business, which will operate independently with a 1:10 demerger ratio, and is expected to be listed within 60 days. 📌ITC Hotels will commence operations with ₹1,500 crore in cash and cash equivalents, aiming to grow its portfolio to over 200 hotels with 18,000+ keys in five years.