News > ITC Hotels demerger on January 6: Here's all you need to know
ITC Hotels demerger on January 6: Here's all you need to know

CNBC TV18 | 05/01/2025 06:23 PM | Click to read full article
The restructuring will see ITC retain a 40% stake in its hotel business, with the remaining 60% directly held by shareholders through a share swap. ITC Hotels currently contributes 4% of ITC’s total revenue and 2.5% of its EBIT but accounts for 14% of the company’s total assets. This makes the demerger accretive to ITC’s ROCE. The hotel chain operates 140 properties with around 13,000 keys, comprising 45% owned and 55% managed hotels.