ITC's hotel demerger plan gets CCI nod

Fair trade regulator CCI on Tuesday said it has approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity.

After the completion of the demerger, shares of ITC Hotels Ltd, a new entity, will be listed on the stock exchanges.

The proposed combination relates to the demerger of the demerged undertaking to ITC's wholly-owned newly incorporated subsidiary, ITC Hotels.

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