HomeNewsBusinessMarketsITC expects demerged hotels entity to flourish, backed by parent's 40% stake

ITC expects demerged hotels entity to flourish, backed by parent's 40% stake

ITC’s 40 percent stake will help instill a strong brand value, resonating goodwill, and offer a sense of stability and security to all stakeholders and employees involved, the company said.

Pritha Pahari

July 27, 2023 / 19:20 IST

Story continues below Advertisement

ITC's 40 percent holding was also to give some headroom for growth by bringing in some strategic investors for ITC Hotels, said Sanjiv Puri.

Pritha Pahari

first published: Jul 27, 2023 06:34 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.

English

Markets

News

Personal Finance

Mutual Funds

Commodities

Media

Invest Now

Specials

ITC expects demerged hotels entity to flourish, backed by parent's 40% stake

ITC’s 40 percent stake will help instill a strong brand value, resonating goodwill, and offer a sense of stability and security to all stakeholders and employees involved, the company said.

News

Features

Tools

Specials

Network 18 Sites

Personal Finance

Quick Links