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ITC Hotels Demerger: Shareholders to get 1 share of ITC Hotels for every 10 shares of parent company

After the demerger is completed following approval from shareholders, creditors, stock exchanges, Sebi, NCLT and other regulatory authorities, ITC is likely to get the new stock listed on stock exchanges in another 15 months. ....

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ITC Q1 net profit jumps 18% to Rs 4,903 cr; board approves hotels business demerger, listing in 15 months

ITC's board also approved the demerger of hotels business, and set an indicative timeline of listing of the new firm in 15 months. ....

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ITC Q1 results: Profit up 18% to Rs 4,903 crore; sales down 7%

ITC said revenue for the quarter stood at Rs 16,995.40 crore, down 7.23 per cent YoY over Rs 18,320.16 crore in the same quarter last year. ....

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ITC Board Fixes Share Entitlement Ratio At 1:10 For Demerged Hotels Biz

The firm said the demerger would be in the best interests of the two companies and their respective shareholders and other stakeholders. ITC Hotels will have the ability to raise capital from equity and debt markets for funding its growth requirements. ....

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ITC Reports 17.6% Hike In Net Profit To Rs 4,903 Cr For Q1 Amid Strong Demand For Consumer Goods In Urban And Rural Markets

Indias ITC Ltd reported a better-than-expected profit in the first quarter on Monday as it kept a tight lid on expenses and saw strong demand for consumer goods in its urban and rural markets. Net profit at the cigarettes-to-hotels conglomerate rose 17.6% to 49.03 billion rupees ($590.28 million) in the three months ended June 30 from 41.69 billion a year earlier. ....

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