Looks a very reasonable decision with this.
Itc wants to avoid hostile takeover of ITC Hotels. (British tobacco company owns 28 percent of ITC, if it was a complete demerger, it could have sold it’s stake and someone can attempt hostile takeover.
And this confirms why delisting can’t work for it!! Even if it demerges it’s FMCG business, that wouldn’t be complete demerge either!! And behold, holding discount comes to party after that.
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