ITC Ltd will transfer Rs 1500 crore cash to its demerged hotel business, ITC Hotels, for growth and contingencies. ITC Hotels will receive ITC's trademarks under a license agreement. ITC shareholders will hold 100% of ITC Hotels - 60% directly and 40% through their existing ITC shares. The demerger is effective from January 1, 2025, and ITC Hotels shares will be listed within 60 days of the NCLT order.
