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The company name was changed from ITC Ltd. to ITC Hotels in 1986. [11] In an effort to unlock value and focus on core competencies, ITC Ltd. decided to demerge its hotel business into a separate entity in 2023. The board of ITC Ltd. granted in-principle approval for the demerger under a scheme of arrangement. [12]
On 15 October 2011, the hotel was re-branded the My Fortune, Chennai, the first hotel in the Fortune Park Hotels line, a wholly owned subsidiary of ITC Ltd. [6] [7] The hotel was again rebranded as WelcomHotel Chennai on 15 October 2017, and later as Welcomhotel by ITC Hotels, Cathedral Road, Chennai.
The Central Area, also called the City Area, and informally The City, is the main commercial and financial city centre of Singapore.Located in the south-eastern part of the Central Region, the Central Area consists of eleven constituent planning areas: the Downtown Core, Marina East, Marina South, the Museum Planning Area, Newton, Orchard, Outram, River Valley, Rochor, the Singapore River and ...
Plans for the International Business Park were first announced in 1988 by then-chairman of JTC, Yeo Seck Teng. It was expected to be finished by 1990. [2] Established in February 1992, the International Business Park is Singapore's first business park. [1] [3]
In July 2023, ITC Ltd.'s board of directors approved in principle the demerger of its hotel business and the formation of a wholly owned subsidiary called ITC Hotels. [ 27 ] [ 28 ] As of March 2024, British American Tobacco is the largest shareholder in the company with a 25.5% stake, followed by Life Insurance Corporation of India which holds ...
Like other Singapore malls which cater to a specific commercial market, the Fu Lu Shou Complex gathered together many tenants selling similar items; here tenants purvey items such as lucky stones and gems, ceramic religious icons, incense and so on.