ITC Ltd.

BSE: 500875 | NSE: ITC
Large Cap | Cigarettes/Tobacco
279.70
-2.20 (-0.78%)
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ITC exploring managed hotels in adjacent countries

Date: 12-06-2019

ITC is looking at managed hotel properties outside the country, as part of its asset-right strategy for this vertical. The company is eyeing such properties in adjacent markets like Bangladesh. This is managing properties of others under the WelcomHotel brand.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.