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Tag Archives: PHOBE

India’s ITC to demerge hotel business into separate company

BENGALURU, July 24 (Reuters) – India’s ITC Ltd (ITC.NS) said on Monday it would spin off its hotels business from the rest of the company, separating it from its cigarettes and food businesses. The cigarettes-to-hotels conglomerate would hold a 40% stake in the newly formed entity, to be named ITC …

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