Subsidiary26 Oct 2026, 01:34 pm
ITC Hotels Incorporates Wholly Owned Subsidiary in Dubai
AI Summary
ITC Hotels Limited's Board of Directors has approved the incorporation of a wholly owned subsidiary in Dubai, United Arab Emirates. This proposed entity will operate in the Hotels and Hospitality sector, focusing on hotel and restaurant operations and related activities. The incorporation is subject to regulatory approvals. ITC Hotels will subscribe to 100% of the subsidiary's share capital, with an initial investment not exceeding ₹20 crores, to be infused in tranches.
Key Highlights
- ITC Hotels to establish a wholly owned subsidiary in Dubai.
- The subsidiary will focus on hotel and hospitality operations.
- Initial investment not to exceed ₹20 crores.
- Subject to necessary regulatory approvals.
Price Impact
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