With the demerger of the hotels division looking imminent, ITC’s shareholders are hopeful that the drain on resources will end and the company will reap the rewards of an uptick in the hospitality sector.
Every time there is an “exclusive” on ITC demerging its hotel business, the invariable response I hear is: “This has been going on for maybe 10 years. What’s exclusive?” However, this time around, the company seems to be making all the right noises and showing concrete intent on the demerger idea, even if some still find the language used—“exploring alternative business structure for our hotel’s segment”—suitably vague. As for the options being considered: a separate listing of the hotel business is one, while the other is a slump sale to a strategic buyer.
ITC chairman and managing director Sanjiv …
Ujval leads our Business vertical at The Morning Context. In a corporate career spanning 14 years, he has worked across startups, consulting firms, multinational corporations and large Indian companies, including India Infoline, ICICI, KPMG, Tata Steel and Jubilant Pharma. Ujval has been a freelance writer and trainer for eight years, with bylines in Forbes India and The Economic Times.
Editor, Business
ujval@mailtmc.com
Pune