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ITC Hotels' Rs 1,500-Crore Demerger Windfall To Strengthen 'Own Space' Portfolio
Shares of ITC Hotels were listed at a discount of 30.4% on Wednesday at Rs 188 per share on the BSE, against the implied price of Rs 270 per share.
29 Jan 2025, 03:32 PM IST 
ITC Hotels has over 140 hotels in 90 odd destinations across six brands.(Photo source: ITC Hotels website)
The newly listed ITC Hotels Ltd.—the demerged hotels business of ITC Ltd.— eyes expanding its 'own space' portfolio with its Rs 1,500 crore liquidity boost from the demerger with its parent, according to its top executives. The liquidity will drive growth aspiration over the next two to three years, Chairman Sanjiv Puri told NDTV Profit. The hospitality industry is accelerating, he said, aiming to be "ready to invest when the right o...
