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Update on the demerger of ITC's Hotels Business highlights the strategic transition to establish ITC Hotels Limited. Key dates include the appointed and effective date set for January 1, 2025, and a record date of January 6, 2025, for equity allocation to existing ITC shareholders. Post-demerger, shareholders will directly own approximately 60% of ITC Hotels, with the balance retained through their ITC shares. Significant assets, including various hospitality entities and properties, will be transferred, alongside a cash infusion of ₹1,500 cr for growth.
ITC Hotels aims to enhance brand equity through investments in indigenous experiences and luxury offerings. With a focus on operational efficiency, there's a commitment to boost revenue streams and manage costs effectively. The company has plans for substantial growth with a pipeline of managed hotels expected to yield increased management fees, targeting 2.5 times growth by FY30. The upcoming ITC Ratnadipa in Colombo is poised to significantly contribute to revenue and EBITDA. Investors should monitor developments closely as this restructuring unfolds, presenting both growth potential and strategic opportunities.