The new entity has plans to open one hotel per month for the next 24 months.
The new entity will have a “strong zero debt” balance sheet and cash generation to accelerate growth. Capital investments will be in hotel renovations, on-going projects and new greenfield projects.
ITC to transfer Rs 1,500 crore to its demerged hotel unit
ITC Ltd will transfer Rs 1500 crore cash to its demerged hotel business, ITC Hotels, for growth and contingencies. ITC Hotels ...
ITC outperforms market despite losses on the day
Shares of ITC Ltd. 500875 inched down 0.38% to 477.10 Indian rupees Monday, on what proved to be an all-around dismal trading session for the stock market, with the BSE SENSEX Index 1 falling 0.57% to ...