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Sanjiv Puri, the CMD of ITC, elaborated that the move is part of a broader strategy for capital raising and debt expansion. [14] [15] [16] On 1 January 2025, the ITC Hotel demerger officially came into effect. Shareholders of ITC were allotted one share of ITC Hotels for every 10 shares of the parent company. [17] [18] [19]
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]
Outside of cruise companies, investors can receive perks from owning shares of InterContinental Hotels Group, a Denham, U.K.-based hotel operator and investor with more than 946,382 rooms in over ...
The big shareholder groups in ITC Limited (NSE:ITC) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions Read ...
The ITC Grand Chola is a 5-star luxury hotel in Chennai, India. [4] It is located in Guindy , opposite SPIC building and along the same row of buildings as Ashok Leyland Towers. The building, designed by Singapore -based SRSS Architects, is of mixed-use development with three separate wings and is themed after traditional Dravidian architecture ...
The hotel is part of the Indian hotel chain ITC Hotels, while WelcomHotels Lanka Pvt. Ltd, a subsidiary of ITC Limited, is the proprietor. The hotel is located adjacent to the Galle Face Green and next to Shangri-La Colombo and Taj Samudra hotels. It is ITC Hotels' first foreign investment. The hotel is 140 metres (460 ft) tall and accompanied ...
The two major holding companies of The Oberoi Group are EIH Ltd and EIH Associated Hotels (formerly East India Hotels). [8] Arjun Singh Oberoi is the current chairman of The Oberoi Group, his brother, Vikramjit Singh Oberoi at the holding companies. The Oberoi family is the majority shareholder in EIH Ltd with a 32.11% stake. [9]
Choice Hotels (CHH) boosts shareholders' returns with a quarterly dividend hike of 6%. The company is optimistic on account of high developer demand and rapid growth in the upscale Cambria brand.