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profit | ITC posts 0.98 per cent drop in profit in fourth quarter of FY24 telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
ITC s hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will own 15.32% in ITC Hotels as foreign direct investment, making it the largest public shareholder after ITC s promoter holding of 39.93%. BAT s chief executive Tadeu Marroco stated last December that ITC s hotel business was not an area of interest for the British tobacco maker. ....
ITC allocating 35-40% of capex for building large future-ready non-cigarette FMCG biz thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Corporate India is busy restructuring - through mergers, demergers and splits.
That seems to be the new normal as CXOs and boards brainstorm on how to create assets and value.
The pitch rose significantly during the third quarter of this financial year (FY24), translating into $32.9-billion worth of such deals - the highest quarterly total since the HDFC Bank-HDFC merger announced in FY22 Q2. ....