ITC Ltd. has allotted 125.11 crore equity shares to its shareholders as part of a demerger, separating ITC Hotels into an independent entity. ITC Hotels, now India’s second-largest hotel chain, plans to list its shares after regulatory approvals. The demerger aims to unlock value, attract investors, and strengthen capital allocation strategy.
ETMarkets Smart Talk| Markets at an inflection point; expect 40–50% gains over 36 months: ASK Hedge Solutions’ Vaibhav Sanghavi
Indian stock markets are at a key turning point. Experts predict a strong rally over the next two to three years, potentially delivering 40-50% returns.