ITC Demerger: ITC Hotels To Have 100% Foreign Holding Limit Upon Listing

Foreign investors can hold up to 100% stake in ITC Hotels Ltd. upon listing. This is because the hotel sector falls under 100% automatic route under FDI regulations, the company said in a statement to NDTV Profit.ITC Ltd. the parent of ITC Hotels currently has a 34% percent foreign holding cap which includes 10% for non-resident Indians and 24% for foreign portfolio investors held together as a composite cap on the stock. However, th...