ITC Hotels Demerger Set to Take Effect in 2025
Big News from ITC!
ITC Hotels Demerger – Kolkata-based company ITC has some exciting news to share. They have announced that the demerger of ITC Hotels will officially happen on January 1, 2025. This means that ITC Hotels will become its own separate entity.
What is a Demerger?
A demerger is when a company splits into two separate companies. In this case, ITC Hotels will no longer be a part of ITC Limited. This can happen for many reasons, like if the company wants to focus on different areas of business.
Approval from the NCLT
Back in October, the National Company Law Tribunal (NCLT) in Kolkata gave the green light for the demerger between ITC Limited and ITC Hotels Limited. This means that all the necessary approvals are in place for the demerger to go through.
When Will it Happen?
The demerger scheme will officially start on the first day of the month after the NCLT order is filed with the Registrar of Companies in West Bengal. This is an important step in making sure everything is done correctly before the demerger takes place. Exciting changes are coming for ITC and ITC Hotels in 2025!