Why ITC chose not to demerge hotels in Mukesh Ambani’s buy 1 get 1 style

July 26, 2023

After Ambani’s ‘buy 1 get 1 offer’ for shareholders of Reliance Industries (demerger ratio of 1:1), investors were expecting ITC also to opt for a 100% vertical split. But ITC management chose to keep 40% ownership with itself and give away the remaining 60% to existing shareholders.

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Shares of Arkade Developers have been heavily subscribed, over 100 times, and are set to debut on the exchanges on Tuesday. Ahead of the listing,

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Reliance Power board approves preferential issue worth Rs 1,525 crore

Reliance Power’s board has approved issuing up to 46.20 crore equity shares/warrants worth Rs 1,525 crore via preferential allotment at Rs 33 per share. The

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