Investor Presentaiton
Transaction Summary
TC
Enduring Value
Proposed Transaction
Board accorded in-principle approval
to demerge the Hotels Business of
ITC into a new entity (Hotels Co.)
which would be listed pursuant to
scheme of demerger
ITC shareholders to hold about 60%
direct stake in the Hotels Co.
(proportionate to their stake in ITC);
remaining about 40% stake to
continue with ITC
■ No change in economic interest held
by ITC shareholders in Hotels
Business
■
Transaction Highlights
ITC shareholders to get direct stake
in a Pure Play listed Hotel entity
■ Ensures continued interest of ITC in
the Hotels Business in line with its
corporate strategy of multiple
drivers of growth
■ Creates a strong foundation for
accelerating growth and sustained
value creation by providing long-
term stability & strategic support to
Hotels Co.
■ Enables continued access to cross
synergies between ITC & Hotels Co.
☐
Transaction Perimeter¹
Assets, liabilities, contracts and
employees forming part of the Hotel
business are intended to be
transferred to Hotels Co.
■ Hotels Co. to be given a license to use
the 'ITC' name as part of its corporate
name & some of its properties'
names, subject to customary
conditions
■ Suitable commercial arrangements
for common assets & shared services
☐
Key Approvals Required
Proposed transaction is subject to final
consideration & approval of the Board
of Directors & its Committees, after
considering inputs from advisors
■ If approved by Board, scheme of
demerger will be subject to necessary
approval from shareholders, creditors,
stock exchanges, SEBI, NCLT and other
regulatory authorities, as required
1 Subject to requisite approvals
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