No Plan For Demerger, Listing Discussed In ITC Analysts Meet

Multi-business conglomerate ITC Limited has not given any concrete plan for demerger and listing of businesses to unlock value, at its analyst meet

Multi-business conglomerate ITC Limited has not given any concrete plan for demerger and listing of businesses to unlock value at its analyst meet on Tuesday, but did not rule out that those are options for the company, according to analysts present on the occasion.

The market was expecting some concrete announcements from the company management in this direction at the meet.

When analysts asked about demerger of the FMCG business and unlocking of ITC Infotech by listing, the management said the business undergoes periodic reviews and did not rule out any of the options.

The company's top management attending ITC's institutional investors and analysts meeting reportedly said the demerger option for hotel business was also not off the radar as it waits for the business to revive and the conglomerate continues to monitor each of its businesses.