As per the merger scheme, ITC itself would retain 40% of the hotel shareholding, and the remaining 60% would be held by the existing ITC shareholders.
Nifty Weekly Outlook: Reversal confirmed, big moves expected around August 8, says Harshubh Shah
The Indian equity market ended its fifth straight week in the red, with the Nifty50 falling over 1%. July 29 marked a crucial reversal point