{"id":1276,"date":"2023-07-31T05:05:00","date_gmt":"2023-07-31T05:05:00","guid":{"rendered":"https:\/\/flooidstaging.com\/ambit\/?post_type=investor_compass&#038;p=1276"},"modified":"2026-06-30T04:59:11","modified_gmt":"2026-06-30T04:59:11","slug":"edition-21-itc-demerger-of-hotels-business","status":"publish","type":"investor_compass","link":"https:\/\/flooidstaging.com\/ambit\/investor-compass\/edition-21-itc-demerger-of-hotels-business\/","title":{"rendered":"Edition 21 &#8211; ITC \u2013 De(merger) of hotels business"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In its exchange filing, ITC Ltd. announced that the board has accorded in-principle approval for the demerger of its hotel\u2019s business. Under the proposed scheme, the company would hold stake of ~40% while the balance would be held by the company\u2019s shareholders proportionate to their shareholding in the company (refer exhibit 1). The demerged entity will be a wholly owned subsidiary, \u201cITC Hotels Limited\u201d or any other name as may be approved by the relevant authorities.<\/p>\n","protected":false},"author":6,"featured_media":1279,"template":"","meta":{"footnotes":""},"class_list":["post-1276","investor_compass","type-investor_compass","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/investor_compass\/1276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/investor_compass"}],"about":[{"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/types\/investor_compass"}],"author":[{"embeddable":true,"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/users\/6"}],"version-history":[{"count":3,"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/investor_compass\/1276\/revisions"}],"predecessor-version":[{"id":4144,"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/investor_compass\/1276\/revisions\/4144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/media\/1279"}],"wp:attachment":[{"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/media?parent=1276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}