ITC is planning to pursue the asset-right strategy for its hotel business to ensure that the diversified conglomerate remains competitive and contemporary, and continues to deliver superior performance. The tourism and hotel industry is recovering after pandemic and the company will take the demerger process forward and explore alternate structure.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.
