demerge

BENGALURU: The board of FMCG major ITCMonday approved de-merging its hotel arm, unlocking significant value for its over 30 lakh shareholders. Under the approved scheme of arrangement, ITC will hold about 40% stake in the new entity and…

Billionaire Mukesh Ambani's Reliance Industries, India's most valuable company, will demerge its financial services business on today as part of a move to unlock value. A man walks across the LED board showing the logo of…

MUMBAI: Adani Group, controlled by billionaire Gautam Adani, plans to spin off more businesses by 2028 and dismisses any debt concerns, the group's chief financial officer told Reuters. The corporate house plans to spin off, or demerge, its…

…

Reliance Industries Ltd (RIL) has said it will demerge its engineering, procurement and construction (EPC) business to create a focused entity catering to the group’s EPC needs. RIL’s board has “approved a scheme of arrangement under which…

Reliance Industries on Friday announced the demerger of its financial services business into a separate entity and subsequently listing the same on the stock exchanges. The financial services business, currently under Reliance Strategic…

JFSL would be listed on the Indian stock exchanges. RSIL is currently a wholly-owned subsidiary of RIL and is a RBI-registered non-Deposit taking Systemically Important (ND-SI) Non-Banking Financial Company. JFSL would be listed on the…

NEW DELHI: Billionaire Mukesh Ambani's RelianceIndustries Ltd on Friday said it will demerge its financial services arm and list it on the stock exchanges. In a statement, the firm said Reliance shareholders will be issued one equity share…

<!-- -->New Delhi: Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday said it will demerge its financial services arm and list it on the stock exchanges.In a statement, the firm said Reliance shareholders will be issued one…

KOLKATA: ITC chairman Sanjiv Puri on Wednesday said it is not ruling out the possibility of restructuring different businesses, including demerger of hotels and even listing of ITC Infotech, a subsidiary of the FMCG-to-hotel-to-tobacco…