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ITC is a constituent of two major stock market indices of India: BSE SENSEX and NIFTY 50 of NSE. [26] In July 2023, ITC Limited's board of directors approved the demerger of its hotel business and the formation of a wholly owned subsidiary called ITC Hotels. [27] The demerger came in to effect on 1 January 2025. [28]
In 2009, ITC (International Trade Corporation) gave Yam Seng the exclusive rights to distribute "Manchester United" fragrances in parts of the Middle East, Asia, Africa and Australia. In July 2010, Yam Seng was terminated because ITC allegedly repudiated the agreement by threatening to use another distributor and breaching the implied term of ...
The International Tin Council (ITC) was an organisation which acted on behalf of major tin producers and consumers to control the international tin market.. An International Tin Study Group, which was established in 1947 to survey world supply of and demand for tin, led to the treaty, the International Tin Agreement, signed in 1954, and the formation of the ITC in 1956.
ITC Hotels is an Indian hospitality company that operates and manages hotels. It has over 100 hotels and is India's third largest hotel chain. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. ITC Hotels was a subsidiary of ITC Limited until its demerger in 2025. [2]
A demerger is a form of corporate restructuring in which the entity's business operations are segregated into one or more components. [1] It is the converse of a merger or acquisition . A demerger can take place through a spin-off by distributed or transferring the shares in a subsidiary holding the business to company shareholders carrying out ...
ITC Midwest LLC has transmission systems in portions of Iowa, Minnesota, Illinois and Missouri. This subsidiary was created on December 20, 2007 with ITC's acquisition of Interstate Power and Light Company's transmission system. [4] ITC Midwest owns and operates 6,600 circuit miles of transmission lines with 262 stations and substations. [8]
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