Is ITC Hotels Vulnerable to a Hostile Takeover?

ITC began as the Imperial Tobacco Company of India Limited in 1910 in Calcutta, and was renamed to ITC Limited in 1974

In 1975, ITC diversified into the hotel business, and now has multiple businesses like cigarettes, hotels, paper boards, FMCG, and agri

ITC is demerging its hotel business, ITC Hotels, where 60% of the newly created entity will be directly owned by the shareholders, and 40% will still belong to ITC

The objective of the demerger is to create focus on one particular business model and unlock value for existing shareholders