ITC Hotels plans to expand business internationally post-demerger

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ITC Hotels plans to expand business internationally post-demerger - Business Standard

Quick Summary:

India's most-valued consumer company selling a wide variety of goods from cigarettes to paper, also operates 140 hotels, almost all of them in India.

ITC plans to expand its hotel business internationally, beginning with neighbouring countries and West Asia, its Chairman and Managing Director Sanjiv Puri said.

The cigarettes-to-consumer goods conglomerate has demerged its hotels division and the new company will list on bourses in the next couple of weeks.