BIG NEWS ALERT
FROM ITC
Established in 1910, ITC is the largest cigarette manufacturer and seller in the country.
ITC operates in five business segments at present — FMCG Cigarettes, FMCG Others, Hotels, Paperboards, Paper and Packaging, and Agri Business.
Market cap: Rs. 5,50,000 Cr
CMP: Rs. 441
ROCE: 39.2%
ROE: 29.1%
Dividend yield: 2.89%
ITC stock details
In a move to unlock value and sharpen capital allocation, ITC has decided to demerge its Hotel business
The Big news from ITC Management
For every 10 shares held in ITC, shareholders will receive one share of ITC Hotels
Post the demerger, shareholders of ITC will own 60 per cent of ITC Hotels while ITC will hold the remaining 40 per cent.
Multibagger alert!!! This smallcap stock rose 2600% in 5 years
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