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title: 'ITC''s Hotel Business Demerger Effective January 1, 2025'

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# ITC's Hotel Business Demerger Effective January 1, 2025
ITC has officially announced that the demerger of its hotel business will be effective from January 1, 2025. This decision follows the fulfillment of all conditions outlined in the Scheme of Arrangement, as stated in the company's stock exchange filing. The National Company Law Tribunal (NCLT), Kolkata Bench, had previously sanctioned the scheme between ITC, ITC Hotels, and their respective shareholders.

This move signifies a significant restructuring for the diversified conglomerate, allowing its hotel business to operate as a separate entity. As per the approved scheme, ITC shareholders will receive one equity share of ITC Hotels for every ten equity shares of ITC held.

The demerger has been a topic of discussion since ITC's board of directors initially approved the scheme in August 2023. The finalization of the effective date marks a key milestone in this process. Following the announcement, ITC's stock experienced a positive uptick, recovering by approximately 3% from its intraday low. This suggests a favorable market reaction to the clarity provided on the demerger timeline.
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