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.
Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to
Benchmark indices Sensex and Nifty 50 fell by 2.6% each due to a global sell-off triggered by U.S. tariff actions. IT stocks suffered the most,
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