Kolkata-based conglomerate ITC Ltd. has allotted 125.11 crore equity shares of ITC Hotels to its shareholders. The decision was finalized during a Board meeting on January 11, 2025, following a scheme of arrangement between ITC Ltd. and ITC Hotels (ITCHL). In an exchange filing, ITC stated, “The Board of Directors of ITCHL, at the meeting … Read more
Block trades in India are close to capping their best quarter in 14 years as the country’s booming stock market encourages shareholders to monetize stakes. Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January … Read more
ITC chief Sanjiv Puri said listing of the proposed demerged hotel entity, ITC Hotels, will take 12-15 months to complete the regulatory process, while the shareholding structure of the company will provide stability to the hotels business and allow ITC to leverage the institutional strengths to build its fast-moving consumer goods (FMCG) business. Addressing shareholders … Read more
Amid reports of Turkey rejecting an Indian wheat consignment on quality concerns, Food Secretary Sudhanshu Pandey on Thursday said the government has sought details from the Turkish authorities on the matter as the concerned exporter has claimed that the shipment of 60,000 tonnes had all the required clearances. Meanwhile, after India banned wheat exports on … Read more
NEW DELHI: Last month, a technical analyst from a prominent Mumbai brokerage posted a peculiar stock recommendation on his WhatsApp account: CMP: Rs 200 Resistance: Rs 200 Support: Rs 200 Target: Rs 200 Stop loss: Rs 200 Stock: ITC This ridiculous recommendation was obviously not serious, but in jest. Though, it was just one of … Read more