As part of the demerger plan, which will not only unlock value for its 36 lakh shareholders but also improve capital allocation of the parent company, ITC will own 40% in ITC Hotels. The remaining 60% will be owned by ITC shareholders in proportion to their ownership in the parent entity.
EIH Limited reported earnings before interest, tax, depreciation, and amortization (EBITDA) of Rs 180 crore for quarter one, up 53.1% year on year.Vikram Oberoi, CEO and MD of EIH Limited said the significant growth in revenue and profitability reflects the dedication of the team and the enduring trust of its valued guests
So, it is a cyclical change which can last for 5-10 years in terms of growth rates in utilities or power utilities.And as you know, the size of these markets is very-very large. We are looking at billions and billions of dollars of investment happening and there are only a few real good quality balance sheets in India who can actually deliver this.
The Oberoi, Marrakech has secured the distinction of being named the best resort in North Africa and the Middle East for two consecutive years, while Wildflower Hall, Shimla in the Himalayas—an Oberoi Resort has earned the title of best resort in India.
Punjab National Bank traded above all key moving averages, with making higher tops for fifth straight day. The stock gained nearly 4 percent to settle at Rs 52.25, the highest closing level since January 31, 2023, and formed bullish candlestick pattern on the daily charts with above averages volumes.