ITC already has a demerged entity listed on the bourses. ‘International Travel House’.
It is also listed as an associate company of ITC and the results are included on a consolidated level. ITC holds 61.69% in the company post listing. It is number 2 on the list of associate companies.
https://www.bseindia.com/xml-data/corpfiling/AttachHis/b07e7878-f869-4ba0-ae3f-67151ecb1786.pdf
We can expect a similar structure with ITC hotels and ITC Infotech in the future where ITC will just be a holding company that keeps on churning out new businesses. What will ITC do if it starts divesting completely from every business it demerges?
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