A repeat story. Whether this will happen depends on the agreement between govt of India and BAT. (Major shareholders).
I have held the same view since beginning that a demerger should not happen unless a business segment stands on its legs without support from Tobacco. Lacklustre results post demerger will kill the valuations and erode investor wealth. The asset light model has been implemented only recently and its efficacy is still unknown. Hotels segment results are not competitive with competition like Indian hotels or EIH.
Additionally, ITC has a huge float already. The demerger has to be planned in detail. At the moment, it is more like make hay while the sun shines.
Disclosure: personal views and not a recommendation.
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