ITC plans Rs 20,000 cr investment and hotels demerger as BAT prepares exit
ITC pursues a hotels demerger with British American Tobacco exiting, alongside a Rs 20,000 crore investment push and openness to an FMCG spin-off. ITC Hotels leaned into food delivery via Zomato and Swiggy, with ITC Maurya launching gourmet home-delivery menus amid pandemic-driven shifts.
ITC plans Rs 20,000 crore investment, hotels demerger with BAT exiting, and openness to FMCG demerger. ITC Hotels partnered with Zomato and Swiggy for food delivery amid pandemic-driven shifts; ITC Maurya launched gourmet home-delivery menus.