The demerger of ITC’s Hotel business spoiled the party of the ITC stock rally which has taken the stock up 70% in the past one year. So, what was it about the demerger that irked the investors? Is it simply a buy on buzz and sell on rally or are shareholders feeling short-changed with the scheme? Why is ITC still holding 40% in the demerged entity?
In this episode of The Morning Brief podcast, host Kiran Somvanshi delves into the ITC demerger seeking answers from:
1) Dipak Haksar the former CEO of ITC Hotels
2) Manu Rishi Guptha, CEO and Founder - MRG Capital - SEBI Registered PMS who has made headlines with his critique of the 'cigarette king'.
Credits: BQ Prime, CNBC-TV18
You can check out more episodes of The Morning Brief on: The Uncertain Fate Of Asia’s Largest Refinery, Has milk politics turned sour in Karnataka?, El Niño: Little Boy, Big Trouble, E-20 Explained: The blender’s pride or bane? And more.
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