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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. ....
ITC shareholders as of the record date of May 30 will get a final dividend of Rs 6.75 per share and a special dividend of Rs 9.75 per share. The total comes to Rs 9.50 per share ....
The higher growth in the profit despite a muted topline is primarily due to ITCs higher dependence on the cigarette business. Despite a scale-up in the FMCG business, cigarettes constitute close to 70% of ITCs profit and about 45% of its revenue. ....