Demerger Decoded

The long-awaited demerger of Kolkata-based diversified conglomerate ITC’s hotel business will come into effect today. The tobacco-to-hotel conglomerate has fixed January 6 as the record date for the spin off of its hotels business. According to the demerger scheme, ITC Hotels will now be a separately listed entity from its parent ITC Ltd. Here are some details of the demerger: