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.
Vodafone Idea shares dive 12% as SC rejects $5B dues waiver
Vodafone Idea shares plummeted after the Supreme Court rejected its plea to waive over $5 billion in interest and penalties on statutory dues. The telecom