Jefferies, a global stockbroker, anticipates large withdrawals from ITC Hotels due to ETF sales. “ITC Ltd is part of key indices, ITCH could see outflows to the tune of $190-200 million (based on stock price) related to ETF selling in the stock,” Jefferies noted in their most recent analysis on the recently listed firm. On…
On January 22, the Board adopted an arrangement that allowed Hindustan Unilever (HUL) to decomming its ice cream business. While releasing its quarterly results for the third quarter of FY25, the FMCG giant revealed the demerger. The company will separately list Kwality Walls (India), which was incorporated on January 10, 2025. Shares of the new…
Vedanta, the metals and energy conglomerate, revealed plans on Friday to spin out its companies into six publicly traded subsidiaries in order to avoid a debt crisis. The Anil Agarwal-promoted company said in a stock exchange announcement that the board has approved the demerger of various companies to unleash “significant value.” According to the regulatory…
