Google trend - ITC Hotels removed from BSE indices

ITC Hotels removed from BSE indices - 10 things to know with detail

• ITC Hotels, a subsidiary of ITC Limited, has been removed from the BSE indices with effect from August 31, 2020.
• The decision to remove ITC Hotels from the BSE indices was taken by the Index Maintenance Sub-Committee of the BSE.
• ITC Hotels was part of the BSE 500, BSE 200, and BSE 100 indices before its removal.
• The removal of ITC Hotels from the BSE indices is a result of a corporate restructuring exercise undertaken by ITC Limited.
• The restructuring exercise involved the merger of ITC Hotels with its parent company ITC Limited, leading to the removal of ITC Hotels as a separate listed entity.
• ITC Limited is a diversified conglomerate with interests in FMCG, hotels, paperboards, packaging, agri-business, and information technology.
• ITC Hotels is known for its luxury hotel properties under brands like ITC Grand Chola in Chennai, ITC Maurya in Delhi, and ITC Maratha in Mumbai.
• ITC Limited has been focusing on consolidating its businesses and streamlining its operations to enhance efficiency and profitability.
• The removal of ITC Hotels from the BSE indices is expected to have a minimal impact on the overall performance of the indices.
• Investors and market participants are advised to take note of the removal of ITC Hotels from the BSE indices and adjust their investment strategies accordingly.