ITC Hotels, which runs the likes of ITC Maratha and other luxury hotels, was de-merged from ITC and was temporarily listed at the BSE for the purpose of portfolio rebalancing by passive funds.

ITC Maurya, ITC Grand Chola and ITC Maratha are some of the hotels operated by ITC. It also runs the Welcomhotel and Storii chains. ITC’s largest shareholder, British American Tobacco has faced ...