ITC Demerger Drama: A Party-Spoiler for Investors

The demerger of ITC’s Hotel business spoiled the party of the ITC stock rally which has taken the stock up 70% in the past one year. So, what was it about the demerger that irked the investors? Is it simply a buy on buzz and sell on rally or are shareholders feeling short-changed with the scheme? Why is ITC still holding 40% in the demerged entity?In this episode of The Morning Brief podcast, host Kiran Somvanshi delves into the ITC demerger seeking answers from: 1) Dipak Haksar the former CEO of ITC Hotels  2) Manu Rishi Guptha, CEO and Founder - MRG Capital - SEBI Registered PMS who has made headlines with his critique of the 'cigarette king'.Credits: BQ Prime, CNBC-TV18 You can check out more episodes of The Morning Brief on: The Uncertain Fate Of Asia’s Largest Refinery, Has milk politics turned sour in Karnataka?, El Niño: Little Boy, Big Trouble, E-20 Explained: The blender’s pride or bane? And more.  You can follow our host Kiran Somvanshi on her social media: Twitter & Linkedin Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.See omnystudio.com/listener for privacy information.